EOG Resources (NYSE:EOG) Stock Price Expected to Rise, Barclays Analyst Says

EOG Resources (NYSE:EOG) had its target price hoisted by investment analysts at Barclays from $147.00 to $155.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the energy exploration company’s stock. Barclays‘s price target would indicate a potential upside of 3.67% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Freedom Capital lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Capital One Financial lowered EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price on the stock. in a research report on Wednesday, August 26th. Stifel Nicolaus began coverage on EOG Resources in a research report on Thursday, September 10th. They set a “hold” rating and a $158.00 target price on the stock. Morgan Stanley upped their target price on EOG Resources from $157.00 to $163.00 and gave the company an “equal weight” rating in a report on Thursday, October 15th. Finally, Citigroup reiterated a “neutral” rating and issued a $150.00 price target (up from $141.00) on shares of EOG Resources in a research report on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $161.56.

EOG Resources Price Performance

NYSE:EOG traded up $4.62 during trading hours on Friday, reaching $149.51. 1,206,489 shares of the company’s stock were exchanged, compared to its average volume of 3,958,687. The company has a market capitalization of $78.42 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 0.52 and a beta of 0.27. EOG Resources has a 12 month low of $101.59 and a 12 month high of $165.93. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The business’s 50-day simple moving average is $149.25 and its two-hundred day simple moving average is $137.62.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 5th. The energy exploration company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.42. The firm had revenue of $8.55 billion for the quarter, compared to analyst estimates of $7.26 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s quarterly revenue was up 46.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.71 earnings per share. Sell-side analysts expect that EOG Resources will post 17.70 EPS for the current fiscal year.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey Leitzell sold 9,039 shares of the stock in a transaction on Friday, September 25th. The shares were sold at an average price of $140.61, for a total value of $1,270,973.79. Following the completion of the sale, the chief operating officer owned 90,790 shares of the company’s stock, valued at $12,765,981.90. The trade was a 9.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 52,317 shares of company stock worth $7,823,480. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of EOG Resources

Several institutional investors have recently made changes to their positions in the stock. Byrne Asset Management LLC raised its stake in EOG Resources by 469.4% during the 3rd quarter. Byrne Asset Management LLC now owns 205 shares of the energy exploration company’s stock worth $29,000 after buying an additional 169 shares during the period. Elevated Capital Advisors LLC bought a new stake in shares of EOG Resources during the third quarter worth $30,000. Wedbush Fund Advisers LLC acquired a new stake in shares of EOG Resources during the second quarter worth $31,000. Global Assets Advisory LLC bought a new stake in EOG Resources in the 1st quarter valued at $37,000. Finally, Main Street Group LTD bought a new stake in EOG Resources in the 1st quarter valued at $38,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources News Roundup

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

• Positive Sentiment: EOG earned $4.87 per share, beating the $4.45 analyst estimate and rising from $2.71 a year earlier. Revenue of $8.55 billion also exceeded estimates of $7.26 billion and increased 46.2% year over year. The results point to stronger profitability and sales than expected. Reuters article: EOG beats third-quarter profit estimates
• Positive Sentiment: The company raised its quarterly dividend 7.8%, from $1.02 to $1.10 per share—an annualized $4.40 and a stated yield of about 3%. The increase may appeal to income-focused investors and signals confidence in cash generation. EOG Resources third-quarter results and dividend announcement
• Neutral Sentiment: Analyst commentary described sentiment as cautiously optimistic despite EOG’s relative outperformance over the past year, suggesting investors may remain attentive to expectations for future performance. Barchart analyst estimates and ratings

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.