EOG Resources, Inc. (NYSE:EOG) Receives $142.27 Average Price Target from Brokerages

EOG Resources, Inc. (NYSE:EOG) has received a consensus rating of “Hold” from the twenty-two ratings firms that are presently covering the company, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $142.27.

EOG has been the topic of several research analyst reports. Barclays initiated coverage on EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price on the stock. Raymond James dropped their target price on 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. Stifel Nicolaus dropped their target price on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, KeyCorp boosted their target price on EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd.

Hedge Funds Weigh In On EOG Resources

A number of large investors have recently bought and sold shares of the business. Capital World Investors raised its holdings 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of 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 valued at $1,462,966,000 after purchasing an additional 892,951 shares during the last quarter. Morgan Stanley increased its holdings in shares of EOG Resources by 1.5% in the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock valued at $987,432,000 after purchasing an additional 116,860 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of 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 valued at $793,607,000 after purchasing an additional 185,882 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Down 1.4 %

EOG opened at $130.02 on Wednesday. The firm has a market cap of $74.79 billion, a price-to-earnings ratio of 9.99 and a beta of 1.38. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. EOG Resources has a 12 month low of $106.32 and a 12 month high of $139.67. The stock has a fifty day moving average price of $127.11 and a 200-day moving average price of $122.60.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.69 EPS. As a group, equities research analysts anticipate that EOG Resources will post 12.14 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.80%. EOG Resources’s payout ratio is 27.98%.

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.