EOG Resources (NYSE:EOG) had its price objective dropped by equities research analysts at SunTrust Banks to $120.00 in a note issued to investors on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the energy exploration company’s stock. SunTrust Banks’ price objective would indicate a potential upside of 41.34% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. KeyCorp boosted their target price on shares of EOG Resources from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Thursday, May 9th. Tudor Pickering upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Susquehanna Bancshares upgraded shares of EOG Resources from a “neutral” rating to a “positive” rating and boosted their target price for the company from $107.00 to $115.00 in a report on Monday, May 6th. Finally, Morgan Stanley set a $108.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $121.44.
Shares of NYSE EOG traded down $1.60 during midday trading on Wednesday, hitting $84.90. The company had a trading volume of 126,514 shares, compared to its average volume of 3,895,615. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. EOG Resources has a twelve month low of $80.41 and a twelve month high of $133.53. The stock has a market capitalization of $49.48 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.16. The company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 earnings per share. Equities research analysts expect that EOG Resources will post 5.8 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in EOG. WINTON GROUP Ltd lifted its holdings in EOG Resources by 87.9% in the 2nd quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock valued at $802,000 after acquiring an additional 4,144 shares during the last quarter. AMP Capital Investors Ltd lifted its holdings in EOG Resources by 14.6% in the 3rd quarter. AMP Capital Investors Ltd now owns 230,713 shares of the energy exploration company’s stock valued at $21,930,000 after acquiring an additional 29,440 shares during the last quarter. Midwest Professional Planners LTD. acquired a new stake in EOG Resources in the 1st quarter valued at about $212,000. Spinnaker Trust lifted its holdings in EOG Resources by 42.1% in the 4th quarter. Spinnaker Trust now owns 24,126 shares of the energy exploration company’s stock valued at $1,707,000 after acquiring an additional 7,144 shares during the last quarter. Finally, Everence Capital Management Inc. lifted its holdings in EOG Resources by 43.6% in the 4th quarter. Everence Capital Management Inc. now owns 19,332 shares of the energy exploration company’s stock valued at $1,369,000 after acquiring an additional 5,870 shares during the last quarter. Institutional investors and hedge funds own 86.80% of the company’s stock.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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