Royal Bank Of Canada Reiterates “$115.00” Price Target for EOG Resources, Inc. (NYSE:EOG)
EOG Resources, Inc. (NYSE:EOG) has been given a $115.00 target price by research analysts at Royal Bank Of Canada in a report issued on Sunday. The firm presently has a “hold” rating on the energy exploration company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 25.14% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. BMO Capital Markets reaffirmed a “buy” rating on shares of EOG Resources in a report on Tuesday, May 9th. Iberia Capital raised their target price on EOG Resources from $109.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, April 3rd. UBS AG raised EOG Resources from a “neutral” rating to a “buy” rating and raised their target price for the stock from $106.00 to $109.00 in a report on Thursday, March 30th. Wells Fargo & Company raised EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Wednesday, May 10th. Finally, Scotiabank set a $100.00 target price on EOG Resources and gave the stock a “hold” rating in a report on Saturday, July 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $108.59.
EOG Resources (NYSE EOG) traded up 0.03% during mid-day trading on Friday, reaching $91.90. The company’s stock had a trading volume of 4,129,138 shares. The firm’s market cap is $53.05 billion. The company has a 50-day moving average price of $90.31 and a 200-day moving average price of $96.67. EOG Resources has a 12-month low of $78.04 and a 12-month high of $109.37.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Monday, May 8th. The energy exploration company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.19 billion. EOG Resources had a negative return on equity of 2.69% and a negative net margin of 6.70%. The company’s revenue was up 92.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.83) EPS. On average, equities research analysts expect that EOG Resources will post $0.98 earnings per share for the current year.
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Several hedge funds have recently bought and sold shares of EOG. AMP Capital Investors Ltd increased its stake in EOG Resources by 14.6% in the third quarter. AMP Capital Investors Ltd now owns 230,713 shares of the energy exploration company’s stock valued at $21,930,000 after buying an additional 29,440 shares in the last quarter. Spinnaker Trust increased its stake in EOG Resources by 42.1% in the fourth quarter. Spinnaker Trust now owns 24,126 shares of the energy exploration company’s stock valued at $1,707,000 after buying an additional 7,144 shares in the last quarter. Everence Capital Management Inc. increased its stake in EOG Resources by 43.6% in the fourth quarter. Everence Capital Management Inc. now owns 19,332 shares of the energy exploration company’s stock valued at $1,369,000 after buying an additional 5,870 shares in the last quarter. Fenimore Asset Management increased its stake in EOG Resources by 0.8% in the fourth quarter. Fenimore Asset Management now owns 669,398 shares of the energy exploration company’s stock valued at $47,387,000 after buying an additional 5,150 shares in the last quarter. Finally, I.G. Investment Management LTD. increased its stake in EOG Resources by 39.8% in the fourth quarter. I.G. Investment Management LTD. now owns 510,671 shares of the energy exploration company’s stock valued at $36,150,000 after buying an additional 145,512 shares in the last quarter. 84.86% of the stock is owned by hedge funds and other 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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