EOG Resources (NYSE:EOG) Price Target Raised to $141.00

EOG Resources (NYSE:EOGGet Free Report) had its price target boosted by analysts at Piper Sandler from $140.00 to $141.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the energy exploration company’s stock. Piper Sandler’s price objective indicates a potential upside of 8.67% from the company’s current price.

Several other research analysts have also issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price target on shares of EOG Resources in a research report on Monday, January 6th. KeyCorp decreased their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Raymond James upped their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup lifted their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $143.90.

Read Our Latest Stock Report on EOG Resources

EOG Resources Stock Down 0.4 %

EOG opened at $129.75 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a market capitalization of $72.98 billion, a PE ratio of 10.45, a P/E/G ratio of 3.68 and a beta of 1.29. The stock’s fifty day moving average is $128.70 and its 200-day moving average is $127.43. EOG Resources has a one year low of $108.94 and a one year high of $139.67.

EOG Resources (NYSE:EOGGet Free Report) last issued its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same period in the prior year, the company earned $3.44 EPS. On average, equities analysts predict that EOG Resources will post 11.45 EPS for the current fiscal year.

EOG Resources announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Financial Life Planners bought a new stake in EOG Resources during the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd lifted its stake in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of EOG Resources during the 3rd quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources in the 4th quarter worth $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Company Profile

(Get Free Report)

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.

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