Morgan Stanley set a $101.00 price target on EOG Resources (NYSE:EOG) in a report issued on Monday, Stock Target Advisor reports. The firm currently has a hold rating on the energy exploration company’s stock.
A number of other equities analysts also recently issued reports on the company. Goldman Sachs Group upgraded EOG Resources from a neutral rating to a buy rating in a research report on Tuesday, May 28th. ValuEngine downgraded EOG Resources from a hold rating to a sell rating in a research report on Saturday, March 9th. TD Securities lowered their price target on EOG Resources from $135.00 to $125.00 and set a buy rating on the stock in a research report on Thursday, February 28th. Susquehanna Bancshares upgraded EOG Resources from a neutral rating to a positive rating and increased their price target for the stock from $107.00 to $115.00 in a research report on Monday, May 6th. Finally, Argus set a $120.00 price target on EOG Resources and gave the stock a buy rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $121.16.
Shares of EOG stock opened at $93.09 on Monday. The stock has a market capitalization of $53.55 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.46 and a beta of 1.29. The business’s 50 day simple moving average is $88.87. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. EOG Resources has a 12-month low of $80.41 and a 12-month high of $133.53.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.16. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.92 billion. EOG Resources had a return on equity of 17.10% and a net margin of 19.35%. EOG Resources’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.19 earnings per share. Equities research analysts anticipate that EOG Resources will post 5.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, July 16th. This is an increase from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s dividend payout ratio (DPR) is 15.88%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. Midwest Professional Planners LTD. acquired a new stake in shares of EOG Resources in the first quarter valued at approximately $212,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of EOG Resources by 7.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 95,547 shares of the energy exploration company’s stock valued at $8,333,000 after purchasing an additional 6,689 shares during the last quarter. American International Group Inc. increased its holdings in shares of EOG Resources by 5.7% in the fourth quarter. American International Group Inc. now owns 244,278 shares of the energy exploration company’s stock valued at $21,303,000 after purchasing an additional 13,180 shares during the last quarter. KG&L Capital Management LLC acquired a new stake in shares of EOG Resources in the first quarter valued at approximately $388,000. Finally, Culbertson A N & Co. Inc. increased its holdings in shares of EOG Resources by 1.4% in the first quarter. Culbertson A N & Co. Inc. now owns 39,524 shares of the energy exploration company’s stock valued at $3,762,000 after purchasing an additional 544 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
Featured Article: What is the Russell 2000 Index?
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.