EOG Resources (EOG) PT Raised to $133.00 at Argus
EOG Resources (NYSE:EOG) had its target price hoisted by equities research analysts at Argus to $133.00 in a research note issued on Monday. The firm presently has a “buy” rating on the energy exploration company’s stock. Argus’ price target points to a potential upside of 19.06% from the stock’s current price.
A number of other brokerages have also weighed in on EOG. Imperial Capital reissued an “outperform” rating and set a $120.00 price target (up previously from $115.00) on shares of EOG Resources in a research note on Monday. Robert W. Baird set a $122.00 price target on EOG Resources and gave the stock a “buy” rating in a research note on Friday, January 5th. Bank of America lowered EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Citigroup raised EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Wednesday, January 3rd. Finally, Royal Bank of Canada increased their price target on EOG Resources from $107.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $113.75.
Shares of EOG Resources (NYSE:EOG) traded down $1.00 during trading on Monday, hitting $111.71. The company’s stock had a trading volume of 1,944,000 shares, compared to its average volume of 2,198,750. EOG Resources has a one year low of $81.99 and a one year high of $113.22. The stock has a market cap of $64,770.00, a price-to-earnings ratio of 11,171.00, a PEG ratio of 5.11 and a beta of 0.98. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the company posted ($0.40) EPS. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. analysts forecast that EOG Resources will post 0.88 EPS for the current fiscal year.
In related news, EVP Michael P. Donaldson sold 1,741 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $106.00, for a total value of $184,546.00. Following the completion of the sale, the executive vice president now directly owns 75,118 shares in the company, valued at approximately $7,962,508. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David W. Trice sold 3,114 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the completion of the sale, the executive vice president now owns 80,415 shares of the company’s stock, valued at $8,576,259.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,726 shares of company stock valued at $1,921,181. 0.53% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. WINTON GROUP Ltd increased its holdings in EOG Resources by 87.9% in the 2nd quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock valued at $802,000 after purchasing an additional 4,144 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of EOG Resources during the third quarter valued at about $4,649,000. Wendell David Associates Inc. grew its stake in shares of EOG Resources by 4.2% during the third quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock valued at $1,442,000 after acquiring an additional 600 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of EOG Resources by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 424,468 shares of the energy exploration company’s stock valued at $41,063,000 after acquiring an additional 1,957 shares in the last quarter. Finally, Aperio Group LLC grew its stake in shares of EOG Resources by 6.9% during the third quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock valued at $25,502,000 after acquiring an additional 17,107 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.
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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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