EOG Resources (NYSE:EOG) Price Target Increased to $157.00 by Analysts at KeyCorp

EOG Resources (NYSE:EOG) had its price objective boosted by stock analysts at KeyCorp from $147.00 to $157.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the energy exploration company’s stock. KeyCorp’s price target would indicate a potential upside of 16.47% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on EOG. Citigroup boosted their target price on shares of EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Piper Sandler lifted their target price on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Morgan Stanley upped their price target on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Stifel Nicolaus dropped their price objective on EOG Resources from $163.00 to $153.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Stock Performance

NYSE:EOG opened at $134.80 on Monday. EOG Resources has a 12-month low of $106.32 and a 12-month high of $139.67. The firm has a market capitalization of $77.54 billion, a PE ratio of 10.36 and a beta of 1.40. The firm has a 50-day moving average price of $124.34 and a 200 day moving average price of $122.26. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $3.30 earnings per share. Research analysts anticipate that EOG Resources will post 12.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EOG Resources

Several institutional investors and hedge funds have recently modified their holdings of EOG. McIlrath & Eck LLC boosted its holdings in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares during the period. Peoples Bank KS acquired a new stake in EOG Resources during the third quarter worth approximately $31,000. Exchange Traded Concepts LLC grew its position in EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after buying an additional 212 shares in the last quarter. Sachetta LLC acquired a new position in EOG Resources in the 4th quarter valued at $33,000. Finally, Norwood Financial Corp acquired a new position in EOG Resources in the 1st quarter valued at $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.