EOG Resources (NYSE:EOG) Rating Increased to Buy at StockNews.com

EOG Resources (NYSE:EOG) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

EOG has been the topic of a number of other research reports. Susquehanna increased their target price on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday. Citigroup upped their price target on shares of EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Morgan Stanley upped their price target on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Raymond James cut their price target on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Trading Up 0.7 %

EOG Resources stock opened at $134.80 on Monday. The stock has a market cap of $77.54 billion, a P/E ratio of 10.36 and a beta of 1.40. EOG Resources has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The firm’s fifty day moving average price is $124.34 and its 200-day moving average price is $122.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.30 EPS. Equities research analysts forecast that EOG Resources will post 12.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EOG Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital World Investors increased its position in shares of EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after acquiring an additional 9,455,621 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of EOG Resources by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock valued at $1,639,903,000 after acquiring an additional 145,691 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in EOG Resources by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after purchasing an additional 892,951 shares during the last quarter. Morgan Stanley boosted its holdings in EOG Resources by 1.5% in the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock worth $987,432,000 after purchasing an additional 116,860 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in EOG Resources by 3.1% in the third quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock worth $793,607,000 after purchasing an additional 185,882 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.