EOG Resources (NYSE:EOG) Raised to Buy at StockNews.com

StockNews.com upgraded shares of EOG Resources (NYSE:EOG) from a hold rating to a buy rating in a research note published on Wednesday.

Other equities analysts have also issued reports about the company. TD Cowen upped their target price on EOG Resources from $130.00 to $144.00 and gave the stock a hold rating in a research note on Tuesday. Susquehanna raised their target price on shares of EOG Resources from $147.00 to $155.00 and gave the company a positive rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of EOG Resources from $134.00 to $141.00 and gave the company a neutral rating in a research report on Thursday, March 28th. Raymond James lowered their price objective on shares of EOG Resources from $148.00 to $145.00 and set a strong-buy rating on the stock in a research report on Wednesday, January 24th. Finally, Citigroup upped their target price on shares of EOG Resources from $120.00 to $124.00 and gave the stock a neutral rating in a research report on Monday, March 18th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $142.27.

EOG Resources Stock Down 1.4 %

EOG stock opened at $130.02 on Wednesday. The stock has a 50-day simple moving average of $127.11 and a two-hundred day simple moving average of $122.60. EOG Resources has a twelve month low of $106.32 and a twelve month high of $139.67. The firm has a market capitalization of $74.79 billion, a PE ratio of 10.27 and a beta of 1.38. 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 posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.11%. EOG Resources’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.69 EPS. On average, equities analysts predict that EOG Resources will post 12.14 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.80%. EOG Resources’s payout ratio is 28.75%.

Institutional Investors Weigh In On EOG Resources

A number of large investors have recently added to or reduced their stakes in the company. Wright Investors Service Inc. lifted its position in shares of EOG Resources by 0.8% in the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after purchasing an additional 80 shares during the period. Covestor Ltd raised its stake in EOG Resources by 7.2% in the third quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock worth $154,000 after buying an additional 82 shares in the last quarter. Field & Main Bank lifted its holdings in EOG Resources by 1.4% in the first quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock worth $788,000 after buying an additional 83 shares during the period. ORG Partners LLC boosted its position in EOG Resources by 1.0% during the 3rd quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock valued at $1,118,000 after acquiring an additional 84 shares in the last quarter. Finally, PDS Planning Inc grew its holdings in shares of EOG Resources by 4.1% during the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock worth $275,000 after acquiring an additional 84 shares during the period. Institutional investors own 89.91% of the company’s stock.

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.