BMO Capital Markets restated their buy rating on shares of EOG Resources, Inc. (NYSE:EOG) in a report released on Friday. They currently have a $95.00 price objective on the energy exploration company’s stock.

EOG has been the subject of several other reports. FBR & Co set a $122.00 target price on shares of EOG Resources and gave the company an outperform rating in a research note on Wednesday, May 17th. Stifel Nicolaus reiterated a buy rating and issued a $111.00 target price on shares of EOG Resources in a research note on Friday, May 26th. Zacks Investment Research upgraded shares of EOG Resources from a sell rating to a hold rating in a research note on Monday, July 31st. Piper Jaffray Companies reiterated an overweight rating and issued a $114.00 target price on shares of EOG Resources in a research note on Wednesday, May 31st. Finally, BidaskClub upgraded shares of EOG Resources from a strong sell rating to a sell rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $108.23.

EOG Resources (EOG) opened at 89.67 on Friday. The firm’s market cap is $51.78 billion. EOG Resources has a 52-week low of $79.67 and a 52-week high of $109.37. The company’s 50 day moving average price is $90.89 and its 200 day moving average price is $94.81.

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

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Hedge funds have recently bought and sold shares of the company. Trust Co boosted its stake in EOG Resources by 0.8% in the fourth quarter. Trust Co now owns 3,403 shares of the energy exploration company’s stock worth $344,000 after buying an additional 26 shares during the last quarter. Waverton Investment Management Ltd boosted its stake in EOG Resources by 5.2% in the first quarter. Waverton Investment Management Ltd now owns 674,943 shares of the energy exploration company’s stock worth $65,841,000 after buying an additional 33,173 shares during the last quarter. Creative Planning boosted its stake in EOG Resources by 16.3% in the first quarter. Creative Planning now owns 34,052 shares of the energy exploration company’s stock worth $3,322,000 after buying an additional 4,762 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in EOG Resources by 57.8% in the first quarter. Chesley Taft & Associates LLC now owns 20,250 shares of the energy exploration company’s stock worth $1,975,000 after buying an additional 7,415 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in EOG Resources by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 180,193 shares of the energy exploration company’s stock worth $17,577,000 after buying an additional 2,350 shares during the last quarter. 85.14% of the stock is currently owned by hedge funds and other institutional investors.

About EOG Resources

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)

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