TD Cowen Raises EOG Resources (NYSE:EOG) Price Target to $144.00

EOG Resources (NYSE:EOG) had its price target lifted by research analysts at TD Cowen from $130.00 to $144.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the energy exploration company’s stock. TD Cowen’s price objective would indicate a potential upside of 10.81% from the stock’s previous close.

EOG has been the topic of a number of other research reports. KeyCorp increased their price objective on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Citigroup raised their price target 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. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, April 22nd. TD Securities reduced their price objective on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Finally, Piper Sandler lifted their price objective on shares of EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $142.27.

EOG Resources Trading Down 1.6 %

Shares of EOG stock opened at $129.95 on Tuesday. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The stock has a market cap of $74.75 billion, a P/E ratio of 9.99 and a beta of 1.40. The stock has a 50 day simple moving average of $126.80 and a 200 day simple moving average of $122.53. EOG Resources has a 1 year low of $106.32 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company posted $3.30 earnings per share. On average, research analysts predict that EOG Resources will post 12.32 earnings per share for the current fiscal year.

Institutional Trading of EOG Resources

Several institutional investors have recently added to or reduced their stakes in EOG. Capital World Investors raised its stake in shares of EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after acquiring an additional 9,455,621 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of EOG Resources by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock valued at $1,639,903,000 after acquiring an additional 145,691 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after acquiring an additional 892,951 shares during the last quarter. Morgan Stanley raised its stake in EOG Resources by 1.5% in the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock worth $987,432,000 after buying an additional 116,860 shares in the last quarter. Finally, Northern Trust Corp raised its stake in EOG Resources by 3.1% in the third quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock worth $793,607,000 after buying an additional 185,882 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

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.