Susquehanna Issues Pessimistic Forecast for EOG Resources (NYSE:EOG) Stock Price

EOG Resources (NYSE:EOG) had its price objective lowered by stock analysts at Susquehanna from $151.00 to $144.00 in a research report issued on Thursday,MarketScreener reports. The brokerage currently has a “positive” rating on the energy exploration company’s stock. Susquehanna’s price objective points to a potential upside of 18.77% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Citigroup reaffirmed a “neutral” rating and set a $115.00 price objective (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Raymond James Financial boosted their price target on EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a research note on Friday, February 13th. Piper Sandler set a $123.00 price objective on EOG Resources and gave the company a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group decreased their price target on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $134.59.

EOG Resources Price Performance

NYSE EOG traded up $0.11 during trading on Thursday, reaching $121.24. 281,761 shares of the company traded hands, compared to its average volume of 4,895,149. The stock’s 50 day moving average price is $110.76 and its two-hundred day moving average price is $111.74. EOG Resources has a 1-year low of $101.59 and a 1-year high of $130.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.63. The company has a market cap of $65.78 billion, a price-to-earnings ratio of 13.38 and a beta of 0.49.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. EOG Resources’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.74 EPS. As a group, analysts anticipate that EOG Resources will post 11.47 EPS for the current year.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief operating officer owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

A number of hedge funds have recently added to or reduced their stakes in EOG. Sivia Capital Partners LLC acquired a new position in shares of EOG Resources during the second quarter worth $258,000. World Investment Advisors lifted its holdings in EOG Resources by 4.0% during the 2nd quarter. World Investment Advisors now owns 8,362 shares of the energy exploration company’s stock worth $1,000,000 after buying an additional 318 shares during the period. Arkadios Wealth Advisors grew its position in shares of EOG Resources by 10.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 14,583 shares of the energy exploration company’s stock valued at $1,744,000 after buying an additional 1,403 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of EOG Resources by 16.5% in the second quarter. Hantz Financial Services Inc. now owns 930 shares of the energy exploration company’s stock valued at $111,000 after buying an additional 132 shares during the period. Finally, Assetmark Inc. increased its stake in shares of EOG Resources by 4.3% in the second quarter. Assetmark Inc. now owns 129,904 shares of the energy exploration company’s stock valued at $15,538,000 after buying an additional 5,395 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

About EOG Resources

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.