EOG Resources, Inc. (NYSE:EOG) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other brokerages have also commented on EOG. Zacks Investment Research upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. William Blair restated an “outperform” rating and set a $115.00 price target (down previously from $125.00) on shares of EOG Resources in a research note on Thursday, May 11th. Bank of America Corporation restated a “neutral” rating and set a $115.00 price target (down previously from $125.00) on shares of EOG Resources in a research note on Thursday, May 11th. Finally, FBR & Co set a $122.00 price target on shares of EOG Resources and gave the company an “outperform” rating in a research note on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $108.08.

EOG Resources (NYSE EOG) traded up 0.85% on Thursday, hitting $88.60. 2,788,606 shares of the stock traded hands. The stock has a 50-day moving average price of $88.68 and a 200 day moving average price of $92.08. The company’s market cap is $51.16 billion. EOG Resources has a 1-year low of $81.99 and a 1-year high of $109.37.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.02. The company 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 was up 47.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.38) EPS. On average, analysts anticipate that EOG Resources will post $0.61 EPS for the current fiscal year.

WARNING: “EOG Resources, Inc. (EOG) Upgraded to Hold by ValuEngine” was originally published by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/09/07/eog-resources-inc-eog-upgraded-to-hold-by-valuengine.html.

In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s 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 sale, the executive vice president now directly owns 70,987 shares in the company, valued at approximately $6,262,473.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in EOG. Waldron LP increased its position in shares of EOG Resources by 81.7% during the first quarter. Waldron LP now owns 4,522 shares of the energy exploration company’s stock valued at $431,000 after buying an additional 2,033 shares during the period. Linscomb & Williams Inc. increased its position in shares of EOG Resources by 6.0% during the first quarter. Linscomb & Williams Inc. now owns 2,721 shares of the energy exploration company’s stock valued at $265,000 after buying an additional 154 shares during the period. Canada Pension Plan Investment Board increased its position in shares of EOG Resources by 250.7% during the first quarter. Canada Pension Plan Investment Board now owns 183,132 shares of the energy exploration company’s stock valued at $17,865,000 after buying an additional 130,908 shares during the period. Brookstone Capital Management bought a new stake in shares of EOG Resources during the first quarter valued at about $237,000. Finally, Jennison Associates LLC increased its position in shares of EOG Resources by 35.3% during 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 period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for EOG Resources (NYSE:EOG)

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.