EOG Resources (NYSE:EOG) had its price target cut by Stifel Nicolaus from $116.00 to $115.00 in a report released on Thursday, Stock Target Advisor reports. The firm presently has a “buy” rating on the energy exploration company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 53.62% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Co boosted their price target on shares of EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Piper Jaffray Companies set a $111.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $109.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. TheStreet lowered shares of EOG Resources from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. Finally, Oppenheimer dropped their price objective on shares of EOG Resources from $111.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $108.50.
Shares of NYSE EOG traded up $0.12 during midday trading on Thursday, hitting $74.86. 1,653,810 shares of the company traded hands, compared to its average volume of 4,597,407. EOG Resources has a 12-month low of $64.33 and a 12-month high of $108.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. The stock has a 50-day moving average price of $71.96 and a 200 day moving average price of $82.49. The firm has a market cap of $42.97 billion, a P/E ratio of 13.51, a P/E/G ratio of 1.74 and a beta of 1.34.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.13. EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter in the previous year, the company earned $1.75 earnings per share. EOG Resources’s quarterly revenue was down 10.0% on a year-over-year basis. As a group, equities analysts expect that EOG Resources will post 4.79 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Knuff & Co LLC bought a new position in EOG Resources during the second quarter valued at approximately $28,000. Truvestments Capital LLC bought a new position in EOG Resources during the second quarter valued at approximately $33,000. Tortoise Investment Management LLC bought a new position in EOG Resources during the second quarter valued at approximately $34,000. Quest Capital Management Inc. ADV bought a new position in EOG Resources during the third quarter valued at approximately $28,000. Finally, Mizuho Securities Co. Ltd. bought a new position in EOG Resources during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 86.33% 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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