BMO Capital Markets Analysts Give EOG Resources, Inc. (EOG) a $105.00 Price Target
EOG Resources, Inc. (NYSE:EOG) has been given a $105.00 price objective by BMO Capital Markets in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the energy exploration company’s stock. BMO Capital Markets’ price target points to a potential upside of 8.49% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. Royal Bank Of Canada set a $115.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a research report on Sunday, July 16th. Morgan Stanley raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $97.00 to $106.00 in a research report on Tuesday, September 12th. Citigroup Inc. downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $112.00 to $98.00 in a research report on Friday, July 21st. FBR & Co dropped their target price on shares of EOG Resources from $122.00 to $108.00 and set an “outperform” rating for the company in a research report on Monday, June 26th. Finally, Zacks Investment Research raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $107.88.
Shares of EOG Resources (NYSE EOG) opened at 96.78 on Tuesday. EOG Resources has a 12 month low of $81.99 and a 12 month high of $109.37. The firm’s 50 day moving average is $91.14 and its 200-day moving average is $91.64. The firm’s market capitalization is $55.89 billion.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The company’s revenue was up 47.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.38) earnings per share. On average, analysts expect that EOG Resources will post $0.61 EPS for the current fiscal year.
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In other news, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $97.03, for a total transaction of $330,969.33. Following the completion of the transaction, the director now directly owns 53,196 shares in the company, valued at approximately $5,161,607.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $88.22, for a total value of $352,880.00. Following the transaction, the executive vice president now owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The disclosure for this sale can be found here. Insiders sold 38,578 shares of company stock valued at $3,700,882 in the last ninety days. 0.53% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC boosted its stake in shares of EOG Resources by 4.1% during the 1st 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 during the last quarter. Baker Ellis Asset Management LLC purchased a new position in shares of EOG Resources during the 3rd quarter valued at approximately $101,000. ClariVest Asset Management LLC purchased a new position in shares of EOG Resources during the 3rd quarter valued at approximately $103,000. Chicago Partners Investment Group LLC boosted its stake in shares of EOG Resources by 60.0% during the 1st 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 during the last quarter. Finally, Advantage Investment Management LLC boosted its stake in shares of EOG Resources by 16.6% during the 1st 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 during the last quarter. Institutional investors own 85.37% 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.
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