Stifel Nicolaus Reiterates $134.00 Price Target for EOG Resources (EOG)

EOG Resources (NYSE:EOG) has been assigned a $134.00 price objective by equities research analysts at Stifel Nicolaus in a research report issued on Sunday. The brokerage currently has a “buy” rating on the energy exploration company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 33.91% from the stock’s current price.

Several other brokerages also recently weighed in on EOG. Piper Jaffray Companies reiterated a “buy” rating and issued a $106.00 price objective on shares of EOG Resources in a research report on Wednesday, November 22nd. Argus boosted their price objective on EOG Resources to $133.00 and gave the company a “buy” rating in a research report on Monday, January 8th. BMO Capital Markets reiterated a “buy” rating and issued a $120.00 price objective on shares of EOG Resources in a research report on Thursday, January 11th. Credit Suisse Group set a $126.00 price objective on EOG Resources and gave the company a “hold” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Bank of America downgraded EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Thursday, January 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $116.64.

Shares of EOG Resources (NYSE:EOG) traded down $0.97 on Friday, reaching $100.07. The company’s stock had a trading volume of 5,327,386 shares, compared to its average volume of 2,990,000. The stock has a market capitalization of $57,860.00, a price-to-earnings ratio of 10,007.00, a P/E/G ratio of 3.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. EOG Resources has a 1-year low of $81.99 and a 1-year high of $119.00.

In other news, President Gary L. Thomas sold 2,000 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $107.95, for a total value of $215,900.00. Following the sale, the president now directly owns 1,046,430 shares of the company’s stock, valued at $112,962,118.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 15,322 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $114.26, for a total value of $1,750,691.72. Following the completion of the sale, the executive vice president now directly owns 59,917 shares in the company, valued at $6,846,116.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,934 shares of company stock valued at $7,820,085. 0.53% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. boosted its position 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 valued at $387,626,000 after buying an additional 1,206,576 shares during the last quarter. Ameriprise Financial Inc. boosted its position 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 valued at $620,361,000 after buying an additional 1,118,898 shares during the last quarter. Northside Capital Management LLC purchased a new stake in shares of EOG Resources during the fourth quarter valued at $82,404,000. Westfield Capital Management Co. LP purchased a new stake in shares of EOG Resources during the third quarter valued at $64,975,000. Finally, First Eagle Investment Management LLC purchased a new stake in shares of EOG Resources during the third quarter valued at $64,133,000. 85.59% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for EOG Resources (NYSE:EOG)

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