EOG Resources, Inc. (NYSE:EOG) Receives Average Recommendation of “Hold” from Analysts

EOG Resources, Inc. (NYSE:EOG) has been assigned an average recommendation of “Hold” from the twenty-five research firms that are presently covering the stock, Marketbeat reports. Fourteen research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $143.3478.

A number of equities analysts recently commented on the stock. KeyCorp lowered their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Evercore ISI raised their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Stephens began coverage on shares of EOG Resources in a report on Tuesday, June 17th. They issued an “equal weight” rating and a $137.00 target price on the stock. Piper Sandler decreased their target price on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th.

Hedge Funds Weigh In On EOG Resources

Hedge funds have recently bought and sold shares of the company. ARGA Investment Management LP boosted its stake in shares of EOG Resources by 24.2% in the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock valued at $1,724,000 after purchasing an additional 2,616 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of EOG Resources by 30.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after purchasing an additional 45,295 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of EOG Resources by 15.3% in the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company’s stock valued at $2,609,000 after purchasing an additional 2,697 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of EOG Resources by 37.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock valued at $20,852,000 after purchasing an additional 44,687 shares in the last quarter. Finally, Pinnacle Financial Partners Inc boosted its stake in shares of EOG Resources by 4.7% in the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock valued at $23,032,000 after purchasing an additional 8,127 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

NYSE:EOG opened at $109.19 on Wednesday. EOG Resources has a 52 week low of $102.52 and a 52 week high of $138.18. The firm has a market cap of $59.62 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 8.48 and a beta of 0.74. The firm’s 50-day simple moving average is $117.11 and its 200 day simple moving average is $116.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the firm earned $3.16 earnings per share. EOG Resources’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

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.