EOG Resources (NYSE:EOG) PT Lowered to $158.00

EOG Resources (NYSE:EOG) had its target price cut by investment analysts at Susquehanna from $159.00 to $158.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “positive” rating on the energy exploration company’s stock. Susquehanna’s price target suggests a potential upside of 27.26% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $147.00 price target on shares of EOG Resources in a research note on Wednesday, July 10th. Wolfe Research began coverage on shares of EOG Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. UBS Group lifted their price target on EOG Resources from $166.00 to $167.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Sanford C. Bernstein cut their price objective on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Finally, Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $143.95.

EOG Resources Stock Up 0.4 %

NYSE:EOG traded up $0.53 during midday trading on Wednesday, hitting $124.16. 128,086 shares of the company were exchanged, compared to its average volume of 3,123,314. The company has a market capitalization of $71.36 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 3.22 and a beta of 1.30. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a fifty day simple moving average of $126.87 and a 200 day simple moving average of $126.00.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.49 earnings per share. As a group, equities analysts anticipate that EOG Resources will post 12.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,537 shares of company stock valued at $2,751,612. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Several institutional investors have recently bought and sold shares of the stock. Riverview Trust Co purchased a new position in shares of EOG Resources in the second quarter worth $27,000. MFA Wealth Advisors LLC purchased a new position in EOG Resources during the 2nd quarter valued at about $28,000. Gladius Capital Management LP bought a new position in EOG Resources during the 2nd quarter valued at approximately $30,000. Sachetta LLC bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $33,000. Finally, Triad Wealth Partners LLC bought a new position in shares of EOG Resources during the second quarter valued at approximately $35,000. 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.