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

EOG Resources (NYSE:EOG) had its price objective hoisted by stock analysts at TD Cowen from $130.00 to $144.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the energy exploration company’s stock. TD Cowen’s price objective suggests a potential upside of 7.07% from the stock’s current price.

EOG has been the topic of a number of other research reports. Piper Sandler lifted their price target on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Mizuho lifted their target price on EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 15th. TD Securities reduced their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $147.00 to $140.00 in a research report on Friday, January 5th. Finally, Barclays assumed coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price for the company. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $142.27.

EOG Resources Trading Down 1.3 %

Shares of EOG traded down $1.76 during midday trading on Tuesday, hitting $134.49. The stock had a trading volume of 602,649 shares, compared to its average volume of 3,316,589. The business has a 50-day simple moving average of $126.15 and a two-hundred day simple moving average of $122.49. The firm has a market cap of $77.36 billion, a P/E ratio of 10.35 and a beta of 1.40. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. EOG Resources has a fifty-two week low of $106.32 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter last year, the company posted $3.30 EPS. The firm’s revenue was down 5.4% compared to the same quarter last year. As a group, equities analysts forecast that EOG Resources will post 12.3 EPS for the current year.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors have recently modified their holdings of EOG. Envestnet Portfolio Solutions Inc. bought a new position in EOG Resources in the 3rd quarter worth approximately $4,431,000. TIAA Trust National Association increased its stake in shares of EOG Resources by 639.3% in the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock valued at $6,971,000 after buying an additional 49,840 shares during the period. AIA Group Ltd increased its stake in shares of EOG Resources by 128.0% in the 4th quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock valued at $1,234,000 after buying an additional 5,728 shares during the period. L. Roy Papp & Associates LLP raised its position in shares of EOG Resources by 18.3% during the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after acquiring an additional 26,026 shares during the last quarter. Finally, Yacktman Asset Management LP lifted its stake in shares of EOG Resources by 4.8% during the fourth quarter. Yacktman Asset Management LP now owns 1,789,433 shares of the energy exploration company’s stock valued at $216,432,000 after acquiring an additional 82,302 shares during the period. 89.91% of the stock is owned by 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.