EOG Resources Inc. (EOG) PT Lowered to $98.00 at Citigroup Inc.
EOG Resources Inc. (NYSE:EOG) had its price objective dropped by analysts at Citigroup Inc. from $104.00 to $98.00 in a research report issued on Thursday. The brokerage presently has a “buy” rating on the energy exploration company’s stock. Citigroup Inc.’s price target indicates a potential upside of 5.82% from the company’s current price.
A number of other research analysts have also recently commented on EOG. Credit Suisse Group AG reaffirmed a “hold” rating on shares of EOG Resources in a research note on Thursday, June 2nd. Barclays PLC upped their target price on EOG Resources from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, July 14th. KLR Group cut EOG Resources from a “buy” rating to an “accumulate” rating and set a $90.00 target price on the stock. in a research note on Wednesday, May 25th. Royal Bank Of Canada upped their target price on EOG Resources from $95.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 7th. Finally, Credit Agricole SA upped their target price on EOG Resources from $93.00 to $98.00 and gave the company an “underperform” rating in a research note on Wednesday, September 7th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $91.96.
Shares of EOG Resources (NYSE:EOG) traded down 3.09% on Thursday, reaching $89.75. The company’s stock had a trading volume of 3,656,696 shares. EOG Resources has a one year low of $57.15 and a one year high of $95.93. The firm has a 50-day moving average price of $90.83 and a 200 day moving average price of $82.36. The firm’s market capitalization is $49.42 billion.
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EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.10. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the business posted $0.28 earnings per share. The company’s quarterly revenue was down 28.1% compared to the same quarter last year. On average, analysts anticipate that EOG Resources will post ($1.67) earnings per share for the current fiscal year.
In other news, Director Frank G. Wisner sold 2,026 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $92.65, for a total transaction of $187,708.90. Following the sale, the director now directly owns 113,125 shares in the company, valued at approximately $10,481,031.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 8,473 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $91.00, for a total value of $771,043.00. Following the sale, the executive vice president now owns 66,566 shares in the company, valued at $6,057,506. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
Several large investors have recently bought and sold shares of EOG. Mn Services Vermogensbeheer B.V. acquired a new stake in EOG Resources during the first quarter worth approximately $875,000. Aperio Group LLC boosted its stake in EOG Resources by 17.7% in the first quarter. Aperio Group LLC now owns 181,941 shares of the energy exploration company’s stock worth $13,205,000 after buying an additional 27,329 shares during the period. Commonwealth Equity Services Inc boosted its stake in EOG Resources by 13.9% in the first quarter. Commonwealth Equity Services Inc now owns 36,198 shares of the energy exploration company’s stock worth $2,627,000 after buying an additional 4,408 shares during the period. Telemus Capital LLC boosted its stake in EOG Resources by 64.4% in the first quarter. Telemus Capital LLC now owns 20,115 shares of the energy exploration company’s stock worth $1,460,000 after buying an additional 7,877 shares during the period. Finally, Granite Investment Partners LLC boosted its stake in EOG Resources by 2.3% in the first quarter. Granite Investment Partners LLC now owns 25,642 shares of the energy exploration company’s stock worth $1,861,000 after buying an additional 570 shares during the period. Hedge funds and other institutional investors own 89.43% of the company’s stock.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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