EOG Resources, Inc. (NYSE:EOG) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday, September 7th.
EOG has been the topic of a number of other reports. FBR & Co set a $122.00 price target on EOG Resources and gave the company an “outperform” rating in a report on Wednesday, May 17th. Stifel Nicolaus restated a “buy” rating and set a $111.00 target price on shares of EOG Resources in a research note on Friday, May 26th. BidaskClub upgraded EOG Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $114.00 price objective on shares of EOG Resources in a report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the stock. EOG Resources currently has an average rating of “Buy” and a consensus target price of $108.38.
Shares of EOG Resources (NYSE:EOG) traded down 0.14% during trading on Thursday, reaching $93.09. 199,015 shares of the company were exchanged. The company’s market capitalization is $53.75 billion. The firm’s 50 day moving average price is $87.93 and its 200 day moving average price is $91.79. EOG Resources has a one year low of $81.99 and a one year high of $109.37.
EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the company posted ($0.38) EPS. The firm’s revenue was up 47.1% compared to the same quarter last year. Equities research analysts forecast that EOG Resources will post $0.60 earnings per share for the current fiscal year.
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In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $88.22, for a total value of $352,880.00. Following the transaction, the executive vice president now directly owns 70,987 shares in the company, valued at approximately $6,262,473.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.53% of the company’s stock.
Several large investors have recently added to or reduced their stakes in EOG. Intl Fcstone Inc. bought a new position in EOG Resources during the 2nd quarter valued at about $797,000. Lord Abbett & CO. LLC increased its position in EOG Resources by 11.6% in the 2nd quarter. Lord Abbett & CO. LLC now owns 759,077 shares of the energy exploration company’s stock valued at $68,712,000 after acquiring an additional 78,934 shares in the last quarter. Sentry Investment Management LLC grew its position in shares of EOG Resources by 104.4% during the 2nd quarter. Sentry Investment Management LLC now owns 45,835 shares of the energy exploration company’s stock worth $4,149,000 after buying an additional 23,407 shares during the period. Toronto Dominion Bank grew its position in shares of EOG Resources by 25.3% during the 2nd quarter. Toronto Dominion Bank now owns 198,397 shares of the energy exploration company’s stock worth $17,955,000 after buying an additional 40,054 shares during the period. Finally, Cetera Investment Advisers grew its holdings in EOG Resources by 16.4% during the second quarter. Cetera Investment Advisers now owns 7,502 shares of the energy exploration company’s stock valued at $681,000 after purchasing an additional 1,055 shares during the period. 85.37% of the stock is owned by institutional investors.
About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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