Imperial Capital Reiterates “Outperform” Rating for EOG Resources (NYSE:EOG)

EOG Resources (NYSE:EOG)‘s stock had its “outperform” rating reiterated by Imperial Capital in a research report issued to clients and investors on Monday, January 8th, MarketBeat.com reports. They presently have a $120.00 price objective on the energy exploration company’s stock, up from their previous price objective of $115.00. Imperial Capital’s price objective would indicate a potential upside of 3.72% from the stock’s previous close. Imperial Capital also issued estimates for EOG Resources’ Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.70 EPS and FY2018 earnings at $2.24 EPS.

Several other equities analysts have also commented on EOG. Morgan Stanley raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $97.00 to $106.00 in a research report on Tuesday, September 12th. Piper Jaffray Companies decreased their price objective on shares of EOG Resources from $109.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Stifel Nicolaus set a $106.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. Jefferies Group restated a “hold” rating and issued a $95.00 target price on shares of EOG Resources in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada set a $107.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $114.38.

EOG Resources (EOG) opened at $115.70 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. The stock has a market cap of $66,899.96, a PE ratio of 11,570.00, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98. EOG Resources has a 52-week low of $81.99 and a 52-week high of $116.47.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.40) earnings per share. equities analysts expect that EOG Resources will post 0.89 EPS for the current year.

In other EOG Resources news, President Gary L. Thomas sold 2,000 shares of the business’s stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the completion of the sale, the president now directly owns 1,046,430 shares of the company’s stock, valued at approximately $112,962,118.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy K. Driggers sold 8,871 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $105.45, for a total value of $935,446.95. Following the transaction, the chief financial officer now owns 185,157 shares of the company’s stock, valued at $19,524,805.65. The disclosure for this sale can be found here. Insiders have sold 189,048 shares of company stock worth $8,189,473 in the last quarter. Corporate insiders own 0.53% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Atlantic Trust Group LLC boosted its position in EOG Resources by 1.6% during the 2nd quarter. Atlantic Trust Group LLC now owns 992,011 shares of the energy exploration company’s stock worth $89,798,000 after acquiring an additional 15,942 shares during the last quarter. Guyasuta Investment Advisors Inc. bought a new stake in shares of EOG Resources during the 2nd quarter worth approximately $203,000. Calamos Wealth Management LLC raised its stake in EOG Resources by 132.8% in the 2nd quarter. Calamos Wealth Management LLC now owns 12,812 shares of the energy exploration company’s stock valued at $1,160,000 after acquiring an additional 7,308 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in EOG Resources by 1,854.1% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 81,506 shares of the energy exploration company’s stock valued at $7,378,000 after acquiring an additional 77,335 shares during the period. Finally, Fiduciary Trust Co. raised its stake in EOG Resources by 1.8% in the 2nd quarter. Fiduciary Trust Co. now owns 52,608 shares of the energy exploration company’s stock valued at $4,762,000 after acquiring an additional 907 shares during the period. Institutional investors own 85.28% of the company’s stock.

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EOG Resources Company Profile

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.

Analyst Recommendations for EOG Resources (NYSE:EOG)

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