Robert W. Baird Analysts Give EOG Resources, Inc. (EOG) a $114.00 Price Target
EOG Resources, Inc. (NYSE:EOG) has been assigned a $114.00 price target by investment analysts at Robert W. Baird in a note issued to investors on Thursday. The firm currently has a “buy” rating on the energy exploration company’s stock. Robert W. Baird’s price objective points to a potential upside of 17.95% from the stock’s current price.
A number of other research firms also recently weighed in on EOG. Imperial Capital began coverage on EOG Resources in a research note on Thursday, September 28th. They set an “outperform” rating and a $115.00 price target on the stock. J P Morgan Chase & Co upped their price target on EOG Resources from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday. BMO Capital Markets set a $105.00 price target on EOG Resources and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank Of Canada set a $107.00 price target on EOG Resources and gave the stock a “hold” rating in a research note on Tuesday. Finally, Barclays PLC upped their price target on EOG Resources from $101.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $108.28.
EOG Resources (EOG) traded down 0.29% during midday trading on Thursday, hitting $96.65. EOG Resources has a 52-week low of $81.99 and a 52-week high of $109.37. The company’s market cap is $55.81 billion. The company has a 50-day moving average of $91.83 and a 200-day moving average of $91.71.
EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the company earned ($0.38) EPS. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. Equities analysts expect that EOG Resources will post $0.62 EPS for the current fiscal year.
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In other EOG Resources news, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction 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 of the company’s stock, valued at $5,161,607.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction 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 directly owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,578 shares of company stock valued at $3,700,882. 0.53% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amarillo National Bank bought a new position in EOG Resources during the third quarter valued at $642,000. Intl Fcstone Inc. bought a new position in EOG Resources during the second quarter valued at $797,000. Lord Abbett & CO. LLC grew its holdings in EOG Resources by 11.6% during the second quarter. Lord Abbett & CO. LLC now owns 759,077 shares of the energy exploration company’s stock valued at $68,712,000 after purchasing an additional 78,934 shares during the period. Sentry Investment Management LLC grew its holdings in EOG Resources by 104.4% during the second quarter. Sentry Investment Management LLC now owns 45,835 shares of the energy exploration company’s stock valued at $4,149,000 after purchasing an additional 23,407 shares during the period. Finally, Toronto Dominion Bank grew its holdings in EOG Resources by 25.3% during the second quarter. Toronto Dominion Bank now owns 198,397 shares of the energy exploration company’s stock valued at $17,955,000 after purchasing an additional 40,054 shares during the period. 85.37% of the stock is owned by institutional investors and hedge funds.
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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