EOG Resources (NYSE:EOG) PT Raised to $140.00 at Mizuho

EOG Resources (NYSE:EOG) had its price target boosted by research analysts at Mizuho from $138.00 to $140.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the energy exploration company’s stock. Mizuho’s price objective indicates a potential upside of 5.31% from the stock’s current price.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. raised their price objective on 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 reduced their target price on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Barclays assumed coverage on EOG Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price for the company. Citigroup lifted their target price on EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. Finally, Piper Sandler reduced their target price on EOG Resources from $153.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $140.90.

EOG Resources Trading Up 0.4 %

EOG opened at $132.94 on Monday. The stock has a market cap of $76.47 billion, a PE ratio of 10.22 and a beta of 1.40. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average of $122.23 and a 200-day moving average of $121.84. EOG Resources has a 52 week low of $106.32 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.30 EPS. Equities research analysts predict that EOG Resources will post 11.95 earnings per share for the current fiscal year.

Institutional Trading of EOG Resources

Several hedge funds have recently bought and sold shares of the stock. Norway Savings Bank grew its holdings in EOG Resources by 7.3% during the first quarter. Norway Savings Bank now owns 6,975 shares of the energy exploration company’s stock valued at $892,000 after purchasing an additional 475 shares during the period. Asio Capital LLC grew its holdings in EOG Resources by 2.4% during the first quarter. Asio Capital LLC now owns 23,625 shares of the energy exploration company’s stock valued at $3,020,000 after purchasing an additional 557 shares during the period. Capital Insight Partners LLC boosted its stake in shares of EOG Resources by 42.1% in the first quarter. Capital Insight Partners LLC now owns 4,114 shares of the energy exploration company’s stock worth $526,000 after acquiring an additional 1,218 shares during the period. Tevis Investment Management boosted its stake in shares of EOG Resources by 16.8% in the first quarter. Tevis Investment Management now owns 13,227 shares of the energy exploration company’s stock worth $1,691,000 after acquiring an additional 1,907 shares during the period. Finally, Norwood Financial Corp bought a new position in shares of EOG Resources in the first quarter worth about $37,000. 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.