EOG Resources, Inc. (NYSE:EOG) has been given a $102.00 target price by analysts at Scotiabank in a research note issued on Friday. The brokerage presently has a “hold” rating on the energy exploration company’s stock. Scotiabank’s price objective indicates a potential upside of 15.22% from the company’s current price.
A number of other research analysts have also issued reports on EOG. BidaskClub upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC reiterated an “overweight” rating and issued a $101.00 price objective (up previously from $94.00) on shares of EOG Resources in a report on Wednesday. BMO Capital Markets reiterated a “buy” rating and issued a $95.00 price objective on shares of EOG Resources in a report on Friday, August 4th. Zacks Investment Research upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $111.00 price objective on shares of EOG Resources in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $108.31.
EOG Resources (NYSE:EOG) traded down 0.66% during midday trading on Friday, hitting $88.53. 2,874,157 shares of the company were exchanged. The firm’s 50-day moving average price is $91.31 and its 200-day moving average price is $94.17. The stock’s market capitalization is $51.12 billion. EOG Resources has a one year low of $85.88 and a one year high of $109.37.
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EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The firm’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.38) EPS. Equities research analysts anticipate that EOG Resources will post $0.59 earnings per share for the current year.
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A number of large investors have recently made changes to their positions in EOG. Israel Discount Bank of New York purchased a new stake in shares of EOG Resources during the first quarter worth about $556,000. First Citizens Bank & Trust Co. purchased a new stake in shares of EOG Resources during the first quarter worth about $3,612,000. Morse Asset Management Inc purchased a new stake in shares of EOG Resources during the first quarter worth about $5,899,000. Atria Investments LLC boosted its stake in shares of EOG Resources by 35.1% in the first quarter. Atria Investments LLC now owns 4,988 shares of the energy exploration company’s stock worth $487,000 after buying an additional 1,296 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its stake in shares of EOG Resources by 79.2% in the first quarter. Engineers Gate Manager LP now owns 30,107 shares of the energy exploration company’s stock worth $2,937,000 after buying an additional 13,304 shares in the last quarter. Institutional investors and hedge funds own 85.14% of the company’s stock.
About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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