Wolfe Research Issues Positive Forecast for EOG Resources (NYSE:EOG) Stock Price

EOG Resources (NYSE:EOG) had its price objective boosted by equities research analysts at Wolfe Research from $134.00 to $137.00 in a note issued to investors on Monday,MarketScreener reports. The firm currently has an “outperform” rating on the energy exploration company’s stock. Wolfe Research’s target price would suggest a potential upside of 27.46% from the stock’s previous close.

EOG has been the topic of a number of other reports. Evercore ISI lifted their price target on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. dropped their price target on EOG Resources from $121.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday. Jefferies Financial Group set a $140.00 target price on shares of EOG Resources in a research note on Wednesday, January 14th. Citigroup restated a “neutral” rating and set a $115.00 price objective (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Finally, The Goldman Sachs Group dropped their price objective on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.07.

EOG Resources Stock Performance

EOG stock traded down $0.85 during midday trading on Monday, hitting $107.48. The company’s stock had a trading volume of 754,516 shares, compared to its average volume of 4,134,752. The stock’s 50-day moving average price is $106.68 and its 200 day moving average price is $112.08. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. EOG Resources has a 1 year low of $101.59 and a 1 year high of $135.87. The stock has a market cap of $58.32 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 9.00 and a beta of 0.49.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the firm posted $2.89 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts forecast that EOG Resources will post 11.47 EPS for the current year.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This trade represents a 3.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position in shares of EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 219 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in shares of EOG Resources in the second quarter worth about $29,000. JCIC Asset Management Inc. purchased a new position in EOG Resources in the 3rd quarter worth about $32,000. Olistico Wealth LLC purchased a new position in EOG Resources in the 4th quarter worth about $33,000. Finally, ORG Partners LLC lifted its holdings in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.