EOG Resources (NYSE:EOG) Price Target Raised to $127.00 at Piper Sandler

EOG Resources (NYSE:EOG) had its target price upped by research analysts at Piper Sandler from $123.00 to $127.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the energy exploration company’s stock. Piper Sandler’s target price points to a potential downside of 3.47% from the stock’s current price.

A number of other research firms have also recently weighed in on EOG. Royal Bank Of Canada set a $138.00 price target on EOG Resources and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Capital One Financial cut their target price on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. KeyCorp downgraded shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Jefferies Financial Group upped their price objective on shares of EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Monday. Finally, The Goldman Sachs Group lowered their target price on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $135.31.

EOG Resources Price Performance

EOG traded up $3.75 during midday trading on Thursday, reaching $131.57. 1,786,783 shares of the company’s stock were exchanged, compared to its average volume of 5,157,896. EOG Resources has a 1-year low of $101.59 and a 1-year high of $131.65. The stock has a market capitalization of $70.59 billion, a PE ratio of 14.44 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The business’s 50-day moving average price is $112.67 and its 200 day moving average price is $111.93.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same period last year, the company posted $2.74 EPS. The company’s revenue was up .9% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources will post 11.47 EPS for the current fiscal year.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total transaction of $260,000.00. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $11,445,850. This trade represents a 2.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 7,774 shares of company stock valued at $945,895 in the last ninety days. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of EOG Resources

Several large investors have recently bought and sold shares of the company. Cullen Capital Management LLC raised its position in shares of EOG Resources by 4.7% in the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after acquiring an additional 25,753 shares in the last quarter. Rockland Trust Co. lifted its stake in EOG Resources by 5.1% in the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after buying an additional 11,965 shares during the period. Railway Pension Investments Ltd boosted its holdings in shares of EOG Resources by 6.9% during the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after buying an additional 28,800 shares in the last quarter. AlphaQuest LLC increased its stake in EOG Resources by 1,413.5% in the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock valued at $2,863,000 after purchasing an additional 23,846 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in EOG Resources by 21.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock valued at $7,380,000 after buying an additional 11,442 shares in the last quarter. 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.