EOG Resources Inc. (EOG) Given New $110.00 Price Target at Wunderlich
EOG Resources Inc. (NYSE:EOG) had its target price upped by Wunderlich from $104.00 to $110.00 in a report issued on Friday, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the energy exploration company’s stock. Wunderlich’s price objective suggests a potential upside of 13.24% from the company’s previous close.
Several other research analysts also recently commented on EOG. Barclays PLC lifted their price target on EOG Resources from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, July 14th. Royal Bank Of Canada boosted their price objective on EOG Resources from $95.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 7th. Credit Agricole SA boosted their price objective on EOG Resources from $93.00 to $98.00 and gave the company an “underperform” rating in a research report on Wednesday, September 7th. FBR & Co began coverage on EOG Resources in a research report on Tuesday, September 13th. They set an “outperform” rating and a $108.00 price objective on the stock. Finally, Credit Suisse Group AG restated a “hold” rating and set a $90.00 price objective on shares of EOG Resources in a research report on Monday, September 12th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $92.22.
EOG Resources (NYSE:EOG) opened at 97.14 on Friday. EOG Resources has a one year low of $57.15 and a one year high of $98.32. The firm’s market capitalization is $53.49 billion. The stock’s 50 day moving average price is $92.02 and its 200-day moving average price is $83.78.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.10. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.57 billion. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The company’s revenue for the quarter was down 28.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. On average, equities research analysts anticipate that EOG Resources will post ($1.67) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be issued a $0.1675 dividend. The ex-dividend date is Thursday, October 13th. This represents a $0.67 annualized dividend and a dividend yield of 0.69%. EOG Resources’s dividend payout ratio (DPR) is currently -7.14%.
In other EOG Resources news, VP Ann D. Janssen sold 1,310 shares of the stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $94.13, for a total value of $123,310.30. Following the completion of the sale, the vice president now directly owns 54,073 shares in the company, valued at $5,089,891.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ann D. Janssen sold 1,064 shares of the stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $96.73, for a total value of $102,920.72. Following the completion of the sale, the vice president now owns 56,473 shares of the company’s stock, valued at $5,462,633.29. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the company. Capital World Investors increased its stake in shares of EOG Resources by 17.0% in the second quarter. Capital World Investors now owns 15,441,504 shares of the energy exploration company’s stock valued at $1,288,130,000 after buying an additional 2,246,141 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of EOG Resources by 23.5% in the second quarter. TIAA CREF Investment Management LLC now owns 8,283,932 shares of the energy exploration company’s stock valued at $691,046,000 after buying an additional 1,578,007 shares during the period. Capital Research Global Investors increased its stake in shares of EOG Resources by 3.4% in the second quarter. Capital Research Global Investors now owns 43,151,080 shares of the energy exploration company’s stock valued at $3,599,663,000 after buying an additional 1,423,493 shares during the period. Wellington Management Group LLP increased its stake in shares of EOG Resources by 7.7% in the first quarter. Wellington Management Group LLP now owns 19,754,733 shares of the energy exploration company’s stock valued at $1,433,799,000 after buying an additional 1,419,018 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of EOG Resources during the second quarter valued at about $102,011,000. Institutional investors own 89.44% 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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