EOG Resources (NYSE:EOG) Price Target Cut to $135.00 by Analysts at Johnson Rice

EOG Resources (NYSE:EOG) had its price objective lowered by equities researchers at Johnson Rice from $145.00 to $135.00 in a report released on Friday,MarketScreener reports. The brokerage presently has a “hold” rating on the energy exploration company’s stock. Johnson Rice’s price target points to a potential upside of 19.71% from the stock’s previous close.

Several other analysts have also recently issued reports on EOG. Wells Fargo & Company cut their target price on EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Melius Research assumed coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. Piper Sandler dropped their price objective on EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Evercore ISI raised their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $139.86.

EOG Resources Stock Performance

Shares of EOG opened at $112.78 on Friday. EOG Resources has a 12 month low of $102.52 and a 12 month high of $138.18. The business’s fifty day simple moving average is $108.28 and its two-hundred day simple moving average is $115.04. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market cap of $61.19 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 8.44 and a beta of 0.49.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the firm posted $2.89 earnings per share. EOG Resources’s revenue was down 2.0% compared to the same quarter last year. Research analysts anticipate that EOG Resources will post 11.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EOG. Kiker Wealth Management LLC acquired a new position in EOG Resources during the second quarter worth $627,000. Railway Pension Investments Ltd increased its stake in EOG Resources by 6.9% during the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after buying an additional 28,800 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of EOG Resources by 9.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after acquiring an additional 5,156 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in 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 worth $25,107,000 after purchasing an additional 45,295 shares in the last quarter. Finally, River Road Asset Management LLC grew its position in shares of EOG Resources by 15.2% in the second quarter. River Road Asset Management LLC now owns 75,878 shares of the energy exploration company’s stock valued at $9,107,000 after purchasing an additional 9,999 shares in the last quarter. Institutional investors and hedge funds 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.