EOG Resources (NYSE:EOG) Price Target Cut to $150.00

EOG Resources (NYSE:EOG) had its target price decreased by equities research analysts at Stifel Nicolaus from $153.00 to $150.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the energy exploration company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 10.62% from the company’s current price.

Other research analysts also recently issued reports about the company. Piper Sandler increased their price objective on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday. Morgan Stanley raised their target price on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. raised their target price on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Finally, KeyCorp raised 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. Twelve investment 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Trading Up 0.6 %

Shares of NYSE:EOG opened at $135.60 on Tuesday. EOG Resources has a 1 year low of $106.32 and a 1 year high of $139.67. The firm has a market capitalization of $78.00 billion, a price-to-earnings ratio of 10.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The business’s 50 day moving average price is $124.83 and its 200-day moving average price is $122.36.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the company posted $3.30 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources will post 12.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently made changes to their positions in EOG. Arkadios Wealth Advisors purchased a new position in shares of EOG Resources in the 3rd quarter valued at about $212,000. Royal Fund Management LLC boosted its stake in shares of EOG Resources by 59.7% in the 3rd quarter. Royal Fund Management LLC now owns 7,224 shares of the energy exploration company’s stock valued at $916,000 after buying an additional 2,700 shares during the period. Private Trust Co. NA raised its position in shares of EOG Resources by 36.8% during the 3rd quarter. Private Trust Co. NA now owns 2,768 shares of the energy exploration company’s stock worth $351,000 after acquiring an additional 745 shares in the last quarter. Richelieu Gestion SA acquired a new stake in shares of EOG Resources during the 3rd quarter worth about $127,000. Finally, Marion Wealth Management raised its position in shares of EOG Resources by 1.3% during the 3rd quarter. Marion Wealth Management now owns 10,460 shares of the energy exploration company’s stock worth $1,326,000 after acquiring an additional 138 shares in the last quarter. Hedge funds and other 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.