EOG Resources, Inc. (EOG) Given “Buy” Rating at Piper Jaffray Companies
EOG Resources, Inc. (NYSE:EOG)‘s stock had its “buy” rating reaffirmed by investment analysts at Piper Jaffray Companies in a research report issued to clients and investors on Wednesday. They currently have a $106.00 price target on the energy exploration company’s stock. Piper Jaffray Companies’ target price suggests a potential upside of 4.34% from the stock’s previous close.
A number of other research firms also recently issued reports on EOG. Royal Bank Of Canada raised their price objective on shares of EOG Resources from $107.00 to $110.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 7th. Jefferies Group LLC increased their target price on shares of EOG Resources from $95.00 to $99.00 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. Barclays PLC increased their target price on shares of EOG Resources from $117.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday. Robert W. Baird set a $114.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, Imperial Capital started coverage on shares of EOG Resources in a research report on Thursday, September 28th. They set an “outperform” rating and a $115.00 target price for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $109.42.
EOG Resources (NYSE:EOG) traded down $0.07 during midday trading on Wednesday, reaching $101.59. 2,654,800 shares of the company were exchanged, compared to its average volume of 3,117,644. EOG Resources has a 1-year low of $81.99 and a 1-year high of $109.37. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. The stock has a market capitalization of $58,741.29, a P/E ratio of 247.78, a PEG ratio of 13.60 and a beta of 0.99.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the company posted ($0.40) earnings per share. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. research analysts predict that EOG Resources will post 0.83 earnings per share for the current fiscal year.
In other EOG Resources news, EVP Michael P. Donaldson sold 6,167 shares of EOG Resources stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total transaction of $601,282.50. Following the transaction, the executive vice president now directly owns 74,316 shares of the company’s stock, valued at $7,245,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of EOG Resources stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the transaction, the insider now directly owns 1,067,465 shares in the company, valued at $103,149,142.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,692 shares of company stock valued at $3,717,390. 0.53% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of EOG. Baker Ellis Asset Management LLC purchased a new position in shares of EOG Resources in the third quarter worth $101,000. Winfield Associates Inc. increased its position in shares of EOG Resources by 1.7% during the 2nd quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after purchasing an additional 19 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after purchasing an additional 712 shares during the last quarter. First Personal Financial Services increased its position in shares of EOG Resources by 53.6% during the 2nd quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock valued at $124,000 after purchasing an additional 479 shares during the last quarter. Finally, Fis Group Inc. purchased a new stake in shares of EOG Resources during the 3rd quarter valued at about $130,000. 84.70% 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.
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