EOG Resources Inc. (EOG) Rating Reiterated by Jefferies Group
EOG Resources Inc. (NYSE:EOG)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group in a research report issued to clients and investors on Wednesday. They currently have a $88.00 price target on the energy exploration company’s stock. Jefferies Group’s price objective points to a potential downside of 5.51% from the company’s current price.
EOG has been the topic of a number of other research reports. Societe Generale lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Wunderlich upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and lifted their price objective for the company from $79.00 to $104.00 in a report on Monday, August 8th. Credit Agricole SA initiated coverage on shares of EOG Resources in a report on Wednesday, June 22nd. They issued an “underperform” rating on the stock. Finally, Tudor Pickering downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $92.22.
Shares of EOG Resources (NYSE:EOG) opened at 93.13 on Wednesday. EOG Resources has a 12-month low of $57.15 and a 12-month high of $98.32. The company’s market capitalization is $51.28 billion. The company’s 50 day moving average is $93.02 and its 200 day moving average is $85.06.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/eog-resources-inc-eog-rating-reiterated-by-jefferies-group.html
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.10. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The business’s revenue was down 28.1% on a year-over-year basis. Analysts expect that EOG Resources will post ($1.67) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a $0.1675 dividend. The ex-dividend date is Thursday, October 13th. This represents a $0.67 dividend on an annualized basis and a yield of 0.72%. EOG Resources’s payout ratio is currently -7.14%.
In related news, VP Ann D. Janssen sold 1,064 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $96.73, for a total value of $102,920.72. Following the completion of the sale, the vice president now owns 56,473 shares in the company, valued at $5,462,633.29. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David W. Trice sold 4,600 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $97.08, for a total transaction of $446,568.00. Following the completion of the sale, the executive vice president now owns 62,050 shares of the company’s stock, valued at approximately $6,023,814. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in EOG. Tortoise Investment Management LLC bought a new stake in EOG Resources during the second quarter worth about $100,000. Lenox Wealth Management Inc. increased its stake in EOG Resources by 53.6% in the second quarter. Lenox Wealth Management Inc. now owns 1,465 shares of the energy exploration company’s stock worth $122,000 after buying an additional 511 shares during the last quarter. Pinkerton Retirement Specialists LLC increased its stake in EOG Resources by 819.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,489 shares of the energy exploration company’s stock worth $124,000 after buying an additional 1,327 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in EOG Resources by 2.3% in the second quarter. Citizens Financial Group Inc RI now owns 1,680 shares of the energy exploration company’s stock worth $140,000 after buying an additional 38 shares during the last quarter. Finally, Cypress Capital Management LLC WY bought a new stake in EOG Resources during the second quarter worth about $160,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.
About EOG Resources
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.
Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.