Scotiabank restated their hold rating on shares of EOG Resources, Inc. (NYSE:EOG) in a research note released on Thursday morning. The brokerage currently has a $100.00 target price on the energy exploration company’s stock.

A number of other analysts also recently issued reports on the stock. BidaskClub raised shares of EOG Resources from a sell rating to a hold rating in a report on Monday, July 31st. Zacks Investment Research raised shares of EOG Resources from a sell rating to a hold rating in a report on Monday, July 31st. Citigroup Inc. downgraded shares of EOG Resources from a buy rating to a neutral rating and cut their price objective for the company from $112.00 to $98.00 in a report on Friday, July 21st. Royal Bank Of Canada set a $115.00 price objective on shares of EOG Resources and gave the company a hold rating in a report on Sunday, July 16th. Finally, Stifel Nicolaus reissued a buy rating and issued a $111.00 price objective on shares of EOG Resources in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have given a buy rating to the stock. EOG Resources presently has a consensus rating of Buy and an average price target of $108.23.

EOG Resources (NYSE EOG) traded up 1.74% on Thursday, reaching $90.45. 3,792,200 shares of the company traded hands. The stock has a 50-day moving average price of $90.89 and a 200-day moving average price of $94.81. The firm’s market cap is $52.23 billion. EOG Resources has a 52-week low of $79.67 and a 52-week high of $109.37.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.38) EPS. Analysts anticipate that EOG Resources will post $0.62 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/08/05/scotiabank-reaffirms-hold-rating-for-eog-resources-inc-nyseeog.html.

A number of hedge funds and other institutional investors have recently modified their holdings of EOG. IHT Wealth Management LLC raised its position in EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after buying an additional 41 shares during the period. Winfield Associates Inc. raised its position in EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after buying an additional 19 shares during the period. Chicago Partners Investment Group LLC raised its position in EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after buying an additional 401 shares during the period. Advantage Investment Management LLC raised its position in EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock worth $105,000 after buying an additional 154 shares during the period. Finally, Exane Derivatives raised its position in EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after buying an additional 192 shares during the period. 84.95% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Company Profile

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

Analyst Recommendations for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.