EOG Resources (NYSE:EOG) PT Raised to $144.00 at TD Cowen

EOG Resources (NYSE:EOG) had its price target boosted by TD Cowen from $130.00 to $144.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the energy exploration company’s stock. TD Cowen’s price target points to a potential upside of 10.81% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Scotiabank cut shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $135.00 to $155.00 in a research note on Thursday, April 11th. Raymond James lowered their target price on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, April 22nd. Truist Financial reduced their price target on EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Barclays assumed coverage on EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $142.27.

EOG Resources Price Performance

EOG Resources stock opened at $129.95 on Tuesday. The company’s fifty day moving average price is $126.80 and its 200 day moving average price is $122.53. EOG Resources has a 1 year low of $106.32 and a 1 year high of $139.67. The stock has a market capitalization of $74.75 billion, a P/E ratio of 9.99 and a beta of 1.40. 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 announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period last year, the firm earned $3.30 EPS. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities research analysts anticipate that EOG Resources will post 12.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EOG Resources

Several institutional investors have recently bought and sold shares of EOG. Commonwealth Equity Services LLC grew its position in shares of EOG Resources by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 124,521 shares of the energy exploration company’s stock worth $15,784,000 after buying an additional 9,679 shares in the last quarter. Vicus Capital acquired a new position in shares of EOG Resources during the third quarter worth about $256,000. Hexagon Capital Partners LLC grew its position in shares of EOG Resources by 27.5% during the third quarter. Hexagon Capital Partners LLC now owns 1,969 shares of the energy exploration company’s stock worth $250,000 after buying an additional 425 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of EOG Resources by 26.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 98,069 shares of the energy exploration company’s stock worth $12,431,000 after buying an additional 20,753 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of EOG Resources by 82.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 59,341 shares of the energy exploration company’s stock worth $7,522,000 after buying an additional 26,851 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

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.