EOG Resources (NYSE:EOG) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $125.00 price target on the energy exploration company’s stock. Citigroup’s price target points to a potential upside of 12.66% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. Stifel Nicolaus set a $106.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Thursday, October 5th. Morgan Stanley set a $116.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Wednesday, October 18th. Robert W. Baird set a $114.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Thursday, October 12th. BMO Capital Markets set a $105.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $106.00 target price on shares of EOG Resources in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. EOG Resources currently has a consensus rating of “Buy” and a consensus target price of $111.55.
Shares of EOG Resources (EOG) traded up $0.02 on Wednesday, hitting $110.95. The company had a trading volume of 2,124,900 shares, compared to its average volume of 2,364,367. EOG Resources has a 12 month low of $81.99 and a 12 month high of $111.83. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. The company has a market cap of $64,750.00, a PE ratio of 11,095.00, a P/E/G ratio of 5.15 and a beta of 0.98.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) 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 analysts’ expectations of $2.59 billion. During the same period last year, the business earned ($0.40) EPS. EOG Resources’s quarterly revenue was up 24.8% compared to the same quarter last year. analysts anticipate that EOG Resources will post 0.88 earnings per share for the current fiscal year.
In other news, EVP Michael P. Donaldson sold 1,741 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $106.00, for a total transaction of $184,546.00. Following the completion of the sale, the executive vice president now directly owns 75,118 shares of the company’s stock, valued at approximately $7,962,508. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Timothy K. Driggers sold 8,871 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total value of $935,446.95. Following the sale, the chief financial officer now directly owns 185,157 shares of the company’s stock, valued at $19,524,805.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,726 shares of company stock worth $1,921,181. Company insiders own 0.53% of the company’s stock.
Several institutional investors have recently made changes to their positions in EOG. Baker Ellis Asset Management LLC purchased a new stake in shares of EOG Resources during the 3rd quarter valued at $101,000. Chicago Partners Investment Group LLC increased its position in shares of EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after purchasing an additional 712 shares during the last quarter. Fis Group Inc. purchased a new stake in shares of EOG Resources during the 3rd quarter valued at $130,000. Quantbot Technologies LP purchased a new stake in shares of EOG Resources during the 3rd quarter valued at $153,000. Finally, Zions Bancorporation increased its position in shares of EOG Resources by 5,268.6% during the 3rd quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock valued at $182,000 after purchasing an additional 1,844 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.
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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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