EOG Resources (NYSE:EOG) Price Target Raised to $125.00 at JPMorgan Chase & Co.

EOG Resources (NYSE:EOGGet Free Report) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $115.00 to $125.00 in a research report issued on Thursday,MarketScreener reports. The firm currently has a “neutral” rating on the energy exploration company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 3.09% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank Of Canada set a $138.00 price objective on shares of EOG Resources and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group dropped 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 report on Thursday, January 22nd. Citigroup reiterated a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Johnson Rice decreased their price objective on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Finally, Jefferies Financial Group set a $140.00 target price on EOG Resources in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $134.85.

Read Our Latest Stock Analysis on EOG Resources

EOG Resources Price Performance

Shares of EOG stock traded down $1.25 during trading on Thursday, hitting $121.25. The company had a trading volume of 358,198 shares, compared to its average volume of 4,897,306. The firm has a market capitalization of $65.79 billion, a P/E ratio of 13.34 and a beta of 0.49. EOG Resources has a one year low of $101.59 and a one year high of $132.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The stock’s 50-day moving average price is $110.39 and its 200 day moving average price is $111.67.

EOG Resources (NYSE:EOGGet Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.69% and a net margin of 22.00%.The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.74 EPS. Equities analysts expect that EOG Resources will post 11.47 EPS for the current fiscal year.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the sale, the chief operating officer owned 61,481 shares of the company’s stock, valued at $7,685,125. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On EOG Resources

Large investors have recently bought and sold shares of the company. Hemington Wealth Management increased its stake in shares of EOG Resources by 7.2% in the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after buying an additional 93 shares during the period. Bollard Group LLC boosted its position in EOG Resources by 0.8% during the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after buying an additional 93 shares during the period. apricus wealth LLC grew its holdings in EOG Resources by 5.0% during the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock worth $224,000 after acquiring an additional 95 shares during the last quarter. Sowell Financial Services LLC increased its position in EOG Resources by 1.6% in the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 96 shares during the period. Finally, Hardy Reed LLC raised its stake in shares of EOG Resources by 4.5% during the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after acquiring an additional 97 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources News Roundup

Here are the key news stories impacting EOG Resources this week:

About EOG Resources

(Get Free Report)

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.

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