EOG Resources, Inc. (NYSE:EOG) had its price objective increased by analysts at Barclays PLC from $101.00 to $117.00 in a report issued on Wednesday. The brokerage presently has an “overweight” rating on the energy exploration company’s stock. Barclays PLC’s price objective would suggest a potential upside of 20.89% from the company’s current price.

A number of other equities analysts have also weighed in on EOG. FBR & Co dropped their price target 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. Atlantic Securities upgraded shares of EOG Resources from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $98.00 to $100.00 in a research report on Tuesday, June 27th. BidaskClub upgraded shares of EOG Resources from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Scotiabank set a $100.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a research report on Saturday, July 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of EOG Resources in a research report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $108.54.

EOG Resources (NYSE EOG) traded up 0.13% on Wednesday, reaching $96.91. 620,052 shares of the company traded hands. EOG Resources has a 1-year low of $81.99 and a 1-year high of $109.37. The stock’s market capitalization is $55.96 billion. The stock’s 50-day moving average is $91.14 and its 200-day moving average is $91.64.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business 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 quarterly revenue was up 47.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.38) earnings per share. Equities research analysts expect that EOG Resources will post $0.61 EPS for the current year.

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In other news, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $96.63, for a total value of $2,415,750.00. Following the sale, the insider now owns 1,067,465 shares of the company’s stock, valued at $103,149,142.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 6,167 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total transaction of $601,282.50. Following the completion of the sale, the executive vice president now directly owns 74,316 shares in the company, valued at approximately $7,245,810. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,578 shares of company stock worth $3,700,882. 0.53% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in EOG. BlackRock Inc. raised 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 acquiring an additional 34,114,299 shares during the period. Capital Research Global Investors raised 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 acquiring an additional 5,368,941 shares during the period. Ameriprise Financial Inc. raised 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 acquiring an additional 2,083,122 shares during the period. Capital World Investors raised 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 acquiring an additional 1,568,085 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in shares of EOG Resources by 49.2% in the second quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock valued at $399,039,000 after acquiring an additional 1,452,947 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Company Profile

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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