EOG Resources, Inc. (NYSE:EOG) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

A number of other analysts also recently weighed in on EOG. Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. William Blair reiterated an “outperform” rating and set a $115.00 target price (down from $125.00) on shares of EOG Resources in a research report on Thursday, May 11th. Bank of America Corporation reiterated a “neutral” rating and set a $115.00 target price (down from $125.00) on shares of EOG Resources in a research report on Thursday, May 11th. FBR & Co set a $122.00 target price on EOG Resources and gave the company an “outperform” rating in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $95.00 target price on shares of EOG Resources in a research report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $108.54.

Shares of EOG Resources (EOG) traded down 2.34% on Wednesday, hitting $84.98. The company had a trading volume of 3,478,032 shares. EOG Resources has a 12-month low of $84.84 and a 12-month high of $109.37. The company’s market capitalization is $49.07 billion. The firm has a 50-day moving average price of $91.22 and a 200 day moving average price of $93.73.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.38) earnings per share. Equities analysts expect that EOG Resources will post $0.62 EPS for the current year.

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In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the sale, the executive vice president now owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.53% of the company’s stock.

Several large investors have recently modified their holdings of EOG. BlackRock Inc. boosted its stake in shares of EOG Resources by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after buying an additional 34,114,299 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of EOG Resources by 14.7% in the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after buying an additional 5,368,941 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of EOG Resources by 64.9% in the second quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock valued at $479,202,000 after buying an additional 2,083,122 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of EOG Resources by 35.3% in the first quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock valued at $680,055,000 after buying an additional 1,816,980 shares during the last quarter. Finally, Capital World Investors boosted its stake in shares of EOG Resources by 9.9% in the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after buying an additional 1,568,085 shares during the last quarter. 83.25% of the stock is owned by 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.

Analyst Recommendations for EOG Resources (NYSE:EOG)

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