Zacks: EOG Resources, Inc. (EOG) Receives Consensus Rating of “Buy” from Analysts
Shares of EOG Resources, Inc. (NYSE:EOG) have received a consensus broker rating score of 1.57 (Buy) from the twenty three analysts that provide coverage for the stock, Zacks Investment Research reports. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and sixteen have assigned a strong buy rating to the company. EOG Resources’ rating score has improved by 3.7% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a 1-year consensus target price of $111.65 for the company and are anticipating that the company will post $0.38 earnings per share for the current quarter, according to Zacks. Zacks has also given EOG Resources an industry rank of 88 out of 265 based on the ratings given to related companies.
A number of equities analysts recently issued reports on the company. Imperial Capital assumed coverage on EOG Resources in a report on Thursday, September 28th. They set an “outperform” rating and a $115.00 price target on the stock. Morgan Stanley raised EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $97.00 to $106.00 in a report on Tuesday, September 12th. Barclays PLC reissued an “overweight” rating and set a $101.00 price target (up previously from $94.00) on shares of EOG Resources in a report on Thursday, August 3rd. BMO Capital Markets set a $105.00 price target on EOG Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Jefferies Group LLC raised their price target on EOG Resources from $95.00 to $99.00 and gave the stock a “hold” rating in a report on Tuesday, November 7th.
In other EOG Resources news, Director Charles R. Crisp sold 3,411 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of C$97.03, for a total value of C$330,969.33. Following the completion of the transaction, the director now directly owns 53,196 shares in the company, valued at approximately C$5,161,607.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David W. Trice sold 3,114 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of C$106.65, for a total value of C$332,108.10. Following the completion of the transaction, the executive vice president now owns 80,415 shares of the company’s stock, valued at C$8,576,259.75. The disclosure for this sale can be found here. Insiders have sold a total of 153,692 shares of company stock valued at $3,717,390 over the last 90 days. Insiders own 0.53% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. WINTON GROUP Ltd raised its holdings in EOG Resources by 87.9% in the 2nd quarter. WINTON GROUP Ltd now owns 8,859 shares of the company’s stock valued at $802,000 after acquiring an additional 4,144 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in EOG Resources in the 3rd quarter valued at $4,649,000. Wendell David Associates Inc. raised its holdings in EOG Resources by 4.2% in the 3rd quarter. Wendell David Associates Inc. now owns 14,910 shares of the company’s stock valued at $1,442,000 after acquiring an additional 600 shares during the last quarter. Usca Ria LLC raised its holdings in EOG Resources by 232.2% in the 2nd quarter. Usca Ria LLC now owns 15,651 shares of the company’s stock valued at $1,417,000 after acquiring an additional 10,939 shares during the last quarter. Finally, Aperio Group LLC raised its holdings in EOG Resources by 6.9% in the 3rd quarter. Aperio Group LLC now owns 263,616 shares of the company’s stock valued at $25,502,000 after acquiring an additional 17,107 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.
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EOG Resources (NYSE EOG) traded up C$0.10 on Monday, hitting C$104.68. The stock had a trading volume of 391,112 shares, compared to its average volume of 3,137,529. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. EOG Resources has a twelve month low of C$81.99 and a twelve month high of C$109.37. The firm has a market capitalization of $60,470.16, a PE ratio of 255.07, a P/E/G ratio of 14.97 and a beta of 0.99.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 2nd. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.12 by C$0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The firm had revenue of C$2.64 billion for the quarter, compared to analyst estimates of C$2.59 billion. During the same quarter last year, the company posted ($0.40) earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. equities research analysts forecast that EOG Resources will post 0.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were given a dividend of $0.1675 per share. The ex-dividend date was Monday, October 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.64%. EOG Resources’s dividend payout ratio is currently 6,700.00%.
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.
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