FBR & Co Analysts Give EOG Resources Inc. (EOG) a $108.00 Price Target
FBR & Co set a $108.00 price objective on EOG Resources Inc. (NYSE:EOG) in a research note issued to investors on Monday. The brokerage currently has a a buy rating on the energy exploration company’s stock.
Other analysts also recently issued research reports about the company. Credit Suisse Group AG reissued a hold rating and set a $90.00 target price on shares of EOG Resources in a research note on Tuesday, August 9th. Credit Agricole SA reissued a sell rating on shares of EOG Resources in a research note on Tuesday, August 16th. Zacks Investment Research downgraded EOG Resources from a buy rating to a hold rating in a research note on Wednesday, August 3rd. Royal Bank Of Canada lifted their target price on EOG Resources from $95.00 to $98.00 and gave the company a sector perform rating in a research note on Wednesday, September 7th. Finally, RBC Capital Markets reissued a sector perform rating and set a $95.00 target price (up previously from $88.00) on shares of EOG Resources in a research note on Wednesday, August 10th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. EOG Resources presently has a consensus rating of Hold and an average target price of $91.96.
Shares of EOG Resources (NYSE:EOG) opened at 93.52 on Monday. The firm has a 50-day moving average price of $90.54 and a 200 day moving average price of $82.29. EOG Resources has a 52 week low of $57.15 and a 52 week high of $95.93. The stock’s market cap is $51.50 billion.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.10. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was down 28.1% compared to the same quarter last year. On average, analysts forecast that EOG Resources will post ($1.67) EPS for the current fiscal year.
In related news, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $81.82, for a total value of $398,872.50. Following the completion of the transaction, the executive vice president now directly owns 59,032 shares in the company, valued at $4,829,998.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank G. Wisner sold 2,026 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $92.65, for a total value of $187,708.90. Following the completion of the transaction, the director now owns 113,125 shares of the company’s stock, valued at $10,481,031.25. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Shell Asset Management Co. raised its position in shares of EOG Resources by 23.3% in the second quarter. Shell Asset Management Co. now owns 121,069 shares of the energy exploration company’s stock valued at $10,100,000 after buying an additional 22,916 shares during the last quarter. Alexandria Capital LLC raised its position in shares of EOG Resources by 3.0% in the second quarter. Alexandria Capital LLC now owns 70,062 shares of the energy exploration company’s stock valued at $5,844,000 after buying an additional 2,070 shares during the last quarter. Culbertson A N & Co. Inc. acquired a new position in shares of EOG Resources during the first quarter valued at $2,066,000. Loomis Sayles & Co. L P raised its position in shares of EOG Resources by 229,840.4% in the first quarter. Loomis Sayles & Co. L P now owns 119,569 shares of the energy exploration company’s stock valued at $8,678,000 after buying an additional 119,517 shares during the last quarter. Finally, CenturyLink Investment Management Co acquired a new position in shares of EOG Resources during the second quarter valued at $2,011,000. Institutional investors own 89.43% of the company’s stock.
About EOG Resources
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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