EOG Resources, Inc. (NYSE:EOG) Receives $139.58 Consensus Target Price from Analysts

EOG Resources, Inc. (NYSE:EOG) has received an average rating of “Moderate Buy” from the nineteen research firms that are covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $139.58.

A number of research analysts recently commented on EOG shares. UBS Group reiterated a “buy” rating and issued a $140.00 price objective (up from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Wall Street Zen cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Williams Trading set a $154.00 price target on EOG Resources in a research note on Wednesday, March 5th. Finally, Raymond James upped their price target on EOG Resources from $148.00 to $158.00 and gave the stock a “strong-buy” rating in a research note on Monday, June 2nd.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EOG Resources

Several large investors have recently bought and sold shares of EOG. Y.D. More Investments Ltd grew its holdings in shares of EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of EOG Resources during the first quarter worth about $26,000. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources during the fourth quarter worth about $25,000. Saudi Central Bank purchased a new position in shares of EOG Resources during the first quarter worth about $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $114.34 on Thursday. The business has a fifty day moving average of $111.19 and a 200 day moving average of $122.08. The firm has a market capitalization of $62.40 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. EOG Resources has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.92 billion. During the same period last year, the firm earned $2.82 EPS. The company’s quarterly revenue was down 7.4% on a year-over-year basis. As a group, research analysts expect that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.57%. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s dividend payout ratio is 36.18%.

EOG Resources Company Profile

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.