EOG Resources, Inc. (EOG) Given Consensus Recommendation of “Buy” by Analysts
EOG Resources, Inc. (NYSE:EOG) has been given a consensus rating of “Buy” by the thirty-four brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $107.84.
A number of equities analysts have issued reports on EOG shares. FBR & Co decreased their price target on EOG Resources from $122.00 to $108.00 and set an “outperform” rating for the company in a research note on Monday, June 26th. Atlantic Securities raised EOG Resources from a “neutral” rating to an “overweight” rating and increased their price target for the company from $98.00 to $100.00 in a research note on Tuesday, June 27th. BidaskClub raised EOG Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Scotiabank set a $100.00 price objective on EOG Resources and gave the stock a “hold” rating in a research note on Saturday, July 1st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of EOG Resources in a research note on Friday, July 7th.
EOG Resources (NYSE:EOG) traded down 0.18% during mid-day trading on Wednesday, reaching $96.33. The company’s stock had a trading volume of 1,507,994 shares. The firm’s 50 day moving average price is $89.71 and its 200 day moving average price is $91.62. EOG Resources has a 52 week low of $81.99 and a 52 week high of $109.37. The firm’s market capitalization is $55.63 billion.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $2.61 billion for 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 period in the previous year, the business posted ($0.38) earnings per share. On average, analysts anticipate that EOG Resources will post $0.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be issued a dividend of $0.1675 per share. The ex-dividend date is Monday, October 16th. This represents a $0.67 annualized dividend and a yield of 0.70%. EOG Resources’s dividend payout ratio (DPR) is currently -131.37%.
In other EOG Resources news, EVP Michael P. Donaldson sold 6,167 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.50, for a total transaction of $601,282.50. Following the transaction, the executive vice president now directly owns 74,316 shares in the company, valued at $7,245,810. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles R. Crisp sold 3,411 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $97.03, for a total value of $330,969.33. Following the transaction, the director now owns 53,196 shares in the company, valued at $5,161,607.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,578 shares of company stock worth $3,700,882. Corporate insiders own 0.53% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC raised its holdings in EOG Resources by 4.1% during the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after buying an additional 41 shares in the last quarter. Winfield Associates Inc. raised its holdings in EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after buying an additional 19 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in EOG Resources by 60.0% during the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after buying an additional 401 shares in the last quarter. Advantage Investment Management LLC raised its holdings in EOG Resources by 16.6% during the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 154 shares in the last quarter. Finally, Exane Derivatives raised its holdings in EOG Resources by 19.8% during the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 192 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.
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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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