EOG Resources Inc. (NYSE:EOG) had its target price boosted by Robert W. Baird from $100.00 to $108.00 in a research report report published on Tuesday morning. They currently have an outperform rating on the energy exploration company’s stock.
EOG has been the subject of several other research reports. Jefferies Group reissued a hold rating on shares of EOG Resources in a research report on Thursday, August 4th. RBC Capital Markets reissued a hold rating and set a $105.00 price objective (up previously from $98.00) on shares of EOG Resources in a research report on Tuesday, November 8th. Societe Generale downgraded shares of EOG Resources from a buy rating to a hold rating in a research report on Monday, October 3rd. Zacks Investment Research downgraded shares of EOG Resources from a buy rating to a hold rating in a research report on Wednesday, August 3rd. Finally, Wunderlich raised shares of EOG Resources from a hold rating to a buy rating and increased their price objective for the stock from $79.00 to $104.00 in a research report on Monday, August 8th. Sixteen research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $96.98.
EOG Resources (NYSE:EOG) opened at 95.98 on Tuesday. EOG Resources has a 52-week low of $57.15 and a 52-week high of $98.32. The firm’s 50-day moving average is $93.72 and its 200-day moving average is $87.94. The firm’s market cap is $55.33 billion.
EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.09. The firm earned $2.12 billion during the quarter, compared to analyst estimates of $1.93 billion. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.02 earnings per share. Analysts forecast that EOG Resources will post ($1.76) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, 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 0.70%. The ex-dividend date of this dividend was Thursday, October 13th. EOG Resources’s payout ratio is -29.65%.
In other EOG Resources news, VP Ann D. Janssen sold 1,310 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $94.13, for a total transaction of $123,310.30. Following the sale, the vice president now directly owns 54,073 shares of the company’s stock, valued at approximately $5,089,891.49. 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 14,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $92.69, for a total transaction of $1,297,660.00. Following the sale, the director now directly owns 57,586 shares in the company, valued at $5,337,646.34. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Tortoise Investment Management LLC acquired a new stake in EOG Resources during the second quarter worth $100,000. Baker Ellis Asset Management LLC acquired a new stake in EOG Resources during the third quarter worth $101,000. ClariVest Asset Management LLC acquired a new stake in EOG Resources during the third quarter worth $103,000. FTB Advisors Inc. raised its stake in EOG Resources by 98.3% in the third quarter. FTB Advisors Inc. now owns 1,152 shares of the energy exploration company’s stock worth $110,000 after buying an additional 571 shares during the last quarter. Finally, Assetmark Inc. raised its stake in EOG Resources by 4.4% in the third quarter. Assetmark Inc. now owns 1,175 shares of the energy exploration company’s stock worth $114,000 after buying an additional 50 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
EOG Resources Company Profile