Equities research analysts at Credit Suisse Group initiated coverage on shares of EOG Resources (NYSE:EOG) in a report released on Monday, December 11th, Marketbeat reports. The brokerage set a “neutral” rating and a $106.00 price target on the energy exploration company’s stock. Credit Suisse Group’s price target would indicate a potential downside of 1.04% from the company’s previous close.
A number of other research analysts have also recently commented on EOG. 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, October 10th. Imperial Capital initiated coverage on EOG Resources in a research note on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price objective on the stock. BidaskClub cut EOG Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Jefferies Group reiterated a “hold” rating and issued a $101.00 price objective on shares of EOG Resources in a research note on Wednesday, August 16th. Finally, Robert W. Baird set a $114.00 price objective on EOG Resources and gave the company a “buy” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $109.91.
EOG Resources (NYSE:EOG) traded up $0.76 during trading hours on Monday, reaching $107.11. The company’s stock had a trading volume of 1,993,475 shares, compared to its average volume of 2,580,000. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources has a one year low of $81.99 and a one year high of $107.95. The firm has a market capitalization of $62,380.00, a PE ratio of 10,711.00, a price-to-earnings-growth ratio of 13.67 and a beta of 0.98.
In other EOG Resources news, insider Gary L. Thomas sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website. Also, EVP David W. Trice sold 3,114 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $106.65, for a total value of $332,108.10. Following the transaction, the executive vice president now directly owns 80,415 shares in the company, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. Insiders sold 164,304 shares of company stock worth $4,837,383 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the business. Baker Ellis Asset Management LLC acquired a new stake in shares of EOG Resources during the third quarter worth about $101,000. Winfield Associates Inc. boosted its stake in shares of EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after buying an additional 19 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of EOG Resources by 178.0% during the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after buying an additional 712 shares during the period. First Personal Financial Services boosted its stake in shares of EOG Resources by 53.6% during the second quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock worth $124,000 after buying an additional 479 shares during the period. Finally, Fis Group Inc. acquired a new stake in shares of EOG Resources during the third quarter worth about $130,000. 85.25% of the stock is currently owned by institutional investors.
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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.
