Susquehanna Lowers EOG Resources (NYSE:EOG) Price Target to $151.00

EOG Resources (NYSE:EOG) had its target price decreased by research analysts at Susquehanna from $161.00 to $151.00 in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage presently has a “positive” rating on the energy exploration company’s stock. Susquehanna’s target price points to a potential upside of 39.09% from the stock’s current price.

Several other research firms have also recently weighed in on EOG. UBS Group reaffirmed a “buy” rating and set a $141.00 price objective (down from $144.00) on shares of EOG Resources in a research report on Friday, December 12th. KeyCorp lowered shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. Mizuho set a $134.00 target price on EOG Resources and gave the company a “neutral” rating in a report on Friday, December 12th. Siebert Williams Shank dropped their price objective on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Evercore ISI lifted their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $134.11.

EOG Resources Trading Up 0.9%

Shares of EOG stock opened at $108.57 on Monday. EOG Resources has a 12-month low of $101.59 and a 12-month high of $135.87. The firm has a 50-day moving average price of $106.62 and a 200 day moving average price of $111.88. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $58.91 billion, a P/E ratio of 10.81, a P/E/G ratio of 9.17 and a beta of 0.49.

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

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors have recently bought and sold shares of the stock. Cullen Capital Management LLC boosted its stake in EOG Resources by 4.7% during the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock valued at $68,952,000 after purchasing an additional 25,753 shares during the last quarter. Kiker Wealth Management LLC bought a new position in EOG Resources in the 2nd quarter worth $627,000. Railway Pension Investments Ltd boosted its position in shares of EOG Resources by 6.9% during the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after acquiring an additional 28,800 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of EOG Resources by 9.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock valued at $7,386,000 after purchasing an additional 5,156 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in EOG Resources by 11.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 172,617 shares of the energy exploration company’s stock valued at $19,354,000 after buying an additional 17,195 shares during the period. 89.91% of the stock is owned by institutional investors.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.