EOG Resources (NYSE:EOG) Price Target Raised to $149.00

EOG Resources (NYSE:EOG) had its price target lifted by equities research analysts at UBS Group from $141.00 to $149.00 in a research report issued on Monday,MarketScreener reports. The firm presently has a “buy” rating on the energy exploration company’s stock. UBS Group’s price target would suggest a potential upside of 16.01% from the stock’s previous close.

Several other research firms have also recently commented on EOG. Royal Bank Of Canada set a $138.00 target price on shares of EOG Resources and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. Raymond James Financial boosted their price objective on EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 13th. Susquehanna reduced their price objective on EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a research note on Thursday, February 26th. Finally, Mizuho set a $134.00 target price on EOG Resources and gave the stock a “neutral” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $135.85.

EOG Resources Stock Down 0.2%

EOG traded down $0.21 during mid-day trading on Monday, reaching $128.44. 897,257 shares of the stock were exchanged, compared to its average volume of 5,048,610. EOG Resources has a 1 year low of $101.59 and a 1 year high of $131.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The stock has a market capitalization of $68.91 billion, a PE ratio of 14.03 and a beta of 0.44. The company has a 50 day moving average price of $111.71 and a two-hundred day moving average price of $111.75.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the prior year, the company posted $2.74 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, research analysts anticipate that EOG Resources will post 11.47 EPS for the current year.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

Large investors have recently made changes to their positions in the stock. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources during the 4th quarter worth about $25,000. Prosperity Bancshares Inc purchased a new position in EOG Resources during the 4th quarter valued at about $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources during the fourth quarter valued at about $30,000. Gen Wealth Partners Inc bought a new stake in shares of EOG Resources during the fourth quarter valued at about $30,000. Finally, JCIC Asset Management Inc. purchased a new stake in shares of EOG Resources in the third quarter worth about $32,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.