EOG Resources (NYSE:EOG)‘s stock had its “hold” rating reaffirmed by investment analysts at Cowen in a research note issued to investors on Thursday. They currently have a $115.00 price objective on the energy exploration company’s stock. Cowen’s price objective suggests a potential upside of 0.67% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets reissued a “buy” rating and issued a $120.00 price target on shares of EOG Resources in a research report on Thursday, January 11th. Jefferies Group boosted their price target on shares of EOG Resources from $95.00 to $99.00 and gave the company a “hold” rating in a research report on Tuesday, November 7th. Royal Bank of Canada set a $107.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus set a $106.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $114.52.

EOG Resources (NYSE:EOG) traded up $0.71 during trading on Thursday, hitting $114.24. 4,564,600 shares of the stock traded hands, compared to its average volume of 2,500,000. The stock has a market cap of $66,060.00, a PE ratio of 11,424.00, a P/E/G ratio of 4.83 and a beta of 0.98. EOG Resources has a 1-year low of $81.99 and a 1-year high of $116.47. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.40) EPS. sell-side analysts expect that EOG Resources will post 0.89 earnings per share for the current year.

In other news, EVP David W. Trice sold 3,114 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the completion of the sale, the executive vice president now directly owns 80,415 shares of the company’s stock, valued at $8,576,259.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael P. Donaldson sold 15,322 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the completion of the sale, the executive vice president now directly owns 59,917 shares of the company’s stock, valued at $6,846,116.42. The disclosure for this sale can be found here. Insiders sold 139,048 shares of company stock valued at $8,173,973 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Capital Research Global Investors increased its stake in shares of EOG Resources by 14.7% during the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock worth $3,787,329,000 after acquiring an additional 5,368,941 shares during the period. Capital World Investors increased its stake in shares of EOG Resources by 9.9% during the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after acquiring an additional 1,568,085 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in shares of EOG Resources by 43.1% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,006,886 shares of the energy exploration company’s stock worth $387,626,000 after acquiring an additional 1,206,576 shares during the period. Ameriprise Financial Inc. increased its stake in shares of EOG Resources by 21.1% during the third quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock worth $620,361,000 after acquiring an additional 1,118,898 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of EOG Resources by 2.6% during the second quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock worth $3,727,570,000 after acquiring an additional 1,058,276 shares during the period. 85.28% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for EOG Resources (NYSE:EOG)

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