EOG Resources, Inc. (NYSE:EOG) had its price objective upped by Royal Bank Of Canada from $107.00 to $110.00 in a report released on Tuesday, November 7th, Marketbeat reports. Royal Bank Of Canada currently has a sector perform rating on the energy exploration company’s stock.
Other analysts have also issued reports about the company. Stifel Nicolaus reiterated a buy rating and set a $111.00 price objective on shares of EOG Resources in a research note on Friday, July 14th. BMO Capital Markets reiterated a buy rating and issued a $95.00 price objective on shares of EOG Resources in a report on Friday, August 4th. Robert W. Baird set a $114.00 target price on EOG Resources and gave the company a buy rating in a report on Thursday, October 12th. Morgan Stanley set a $116.00 target price on EOG Resources and gave the company a buy rating in a report on Wednesday, October 18th. Finally, Scotiabank reaffirmed a hold rating and set a $100.00 price target on shares of EOG Resources in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $108.79.
EOG Resources (NYSE EOG) traded down $0.19 during trading on Tuesday, reaching $101.45. The company’s stock had a trading volume of 752,943 shares, compared to its average volume of 3,122,039. EOG Resources has a 1 year low of $81.99 and a 1 year high of $109.37. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $58,770.00, a P/E ratio of 247.90, a PEG ratio of 14.55 and a beta of 0.99.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. EOG Resources’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the company posted ($0.40) earnings per share. equities research analysts forecast that EOG Resources will post 0.78 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were issued a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Monday, October 16th. EOG Resources’s dividend payout ratio is currently 6,700.00%.
In other EOG Resources news, EVP David W. Trice sold 3,114 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $106.65, for a total transaction of $332,108.10. Following the transaction, the executive vice president now directly owns 80,415 shares in the company, valued at approximately $8,576,259.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total transaction of $330,969.33. Following the transaction, the director now owns 53,196 shares in the company, valued at $5,161,607.88. The disclosure for this sale can be found here. Insiders sold 153,692 shares of company stock worth $3,717,390 in the last ninety days. Insiders own 0.53% of the company’s stock.
Several large investors have recently modified their holdings of the business. WINTON GROUP Ltd increased its stake in EOG Resources by 87.9% during the 2nd quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock valued at $802,000 after buying an additional 4,144 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of EOG Resources during the 3rd quarter valued at about $4,649,000. Wendell David Associates Inc. boosted its position in shares of EOG Resources by 4.2% during the 3rd quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock valued at $1,442,000 after purchasing an additional 600 shares in the last quarter. Usca Ria LLC boosted its position in shares of EOG Resources by 232.2% during the 2nd quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock valued at $1,417,000 after purchasing an additional 10,939 shares in the last quarter. Finally, Aperio Group LLC boosted its position in shares of EOG Resources by 6.9% during the 3rd quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock valued at $25,502,000 after purchasing an additional 17,107 shares in the last quarter. 84.70% of the stock is currently 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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