EOG Resources (NYSE:EOG) Price Target Raised to $137.00 at Wolfe Research

EOG Resources (NYSE:EOG) had its price objective hoisted by stock analysts at Wolfe Research from $134.00 to $137.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm currently has an “outperform” rating on the energy exploration company’s stock. Wolfe Research’s target price suggests a potential upside of 27.46% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Piper Sandler decreased their price objective on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. KeyCorp cut EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $121.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday. Zacks Research cut shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Finally, Royal Bank Of Canada set a $138.00 price objective on EOG Resources and gave the stock an “outperform” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $134.07.

EOG Resources Stock Down 0.8%

Shares of EOG traded down $0.85 during trading hours on Monday, hitting $107.48. The company had a trading volume of 754,516 shares, compared to its average volume of 4,134,752. EOG Resources has a one year low of $101.59 and a one year high of $135.87. The company’s fifty day moving average price is $106.68 and its two-hundred day moving average price is $112.08. The company has a market capitalization of $58.32 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 9.00 and a beta of 0.49. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.89 earnings per share. As a group, equities analysts forecast that EOG Resources will post 11.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer owned 54,979 shares of the company’s stock, valued at $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its stake in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of EOG Resources during the 2nd quarter worth approximately $29,000. ORG Partners LLC grew its holdings in shares of EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the last quarter. JCIC Asset Management Inc. purchased a new position in EOG Resources during the 3rd quarter worth approximately $32,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in EOG Resources in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.