EOG Resources (NYSE:EOG) Price Target Raised to $145.00

EOG Resources (NYSE:EOG) had its price objective increased by Royal Bank Of Canada from $140.00 to $145.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the energy exploration company’s stock.

Several other equities research analysts have also commented on EOG. Piper Sandler decreased their price target on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. Mizuho decreased their price target on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. JPMorgan Chase & Co. decreased their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Melius initiated coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. Finally, Melius Research initiated coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus target price of $143.43.

EOG Resources Price Performance

Shares of EOG opened at $111.84 on Tuesday. EOG Resources has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a market capitalization of $61.06 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 8.54 and a beta of 0.74. The firm has a 50-day simple moving average of $117.60 and a 200-day simple moving average of $116.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. The firm had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.16 earnings per share. On average, equities research analysts anticipate that EOG Resources will post 11.47 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in EOG Resources in the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares during the period. Saudi Central Bank acquired a new stake in shares of EOG Resources in the 1st quarter worth approximately $28,000. Raleigh Capital Management Inc. acquired a new stake in shares of EOG Resources in the 2nd quarter worth approximately $29,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of EOG Resources in the 1st quarter worth approximately $34,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.