BMO Capital Markets Cuts EOG Resources (NYSE:EOG) Price Target to $126.00

EOG Resources (NYSE:EOG) had its target price decreased by BMO Capital Markets from $130.00 to $126.00 in a research report released on Monday morning,MarketScreener reports. BMO Capital Markets currently has an outperform rating on the energy exploration company’s stock.

EOG has been the subject of a number of other research reports. Barclays set a $136.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. The Goldman Sachs Group reduced their target price on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Morgan Stanley lifted their price target on EOG Resources from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. cut their price objective on EOG Resources from $131.00 to $121.00 and set a “neutral” rating on the stock in a report on Monday, December 8th. Finally, Jefferies Financial Group set a $145.00 price objective on EOG Resources in a research note on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $138.93.

EOG Resources Trading Up 2.9%

EOG Resources stock opened at $104.77 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The stock has a market cap of $56.85 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 7.70 and a beta of 0.49. The stock has a 50-day moving average of $107.62 and a two-hundred day moving average of $114.90. EOG Resources has a one year low of $101.69 and a one year high of $138.18.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.89 earnings per share. On average, research analysts anticipate that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.9%. EOG Resources’s payout ratio is presently 40.64%.

Hedge Funds Weigh In On EOG Resources

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 219 shares during the period. Saudi Central Bank purchased a new stake in shares of EOG Resources during the 1st quarter worth about $28,000. Raleigh Capital Management Inc. acquired a new stake in shares of EOG Resources during the 2nd quarter valued at about $29,000. JCIC Asset Management Inc. purchased a new position in shares of EOG Resources in the 3rd quarter valued at about $32,000. Finally, ORG Partners LLC raised its holdings in EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

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.