EOG Resources Director Unloads $291,067 in Stock (EOG)
EOG Resources (NYSE:EOG) Director Charles R. Crisp sold 2,498 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $116.52, for a total transaction of $291,066.96. Following the completion of the sale, the director now directly owns 40,175 shares of the company’s stock, valued at approximately $4,681,191. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
EOG Resources (NYSE:EOG) traded down 1.02% during mid-day trading on Monday, hitting $115.56. The stock had a trading volume of 1,082,419 shares. EOG Resources has a 1-year low of $69.315 and a 1-year high of $118.89. The stock has a 50-day moving average of $110.0 and a 200-day moving average of $96.49. The company has a market cap of $63.154 billion and a P/E ratio of 27.03.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Monday, May 5th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the company posted $1.80 earnings per share. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Analysts expect that EOG Resources will post $5.55 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of EOG Resources from $95.00 to $100.00 in a research note on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of EOG Resources in a research note on Wednesday, July 2nd. They now have a $137.00 price target on the stock, up previously from $106.00. Finally, analysts at Wunderlich raised their price target on shares of EOG Resources from $124.00 to $133.00 in a research note on Wednesday, July 2nd. They now have a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $114.86.
EOG Resources, Inc(NYSE:EOG) explores , develops, produces and markets crude oil and natural gas primarily in producing basins in the United States of America , Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom , The People’s Republic of China (China), the Argentine Republic (Argentina) and, from time to time, select other international areas.
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