Wolfe Research Raises EOG Resources (NYSE:EOG) Price Target to $137.00

EOG Resources (NYSE:EOG) had its target price upped by Wolfe Research from $134.00 to $137.00 in a report released on Monday,MarketScreener reports. The firm currently has an “outperform” rating on the energy exploration company’s stock. Wolfe Research’s price target points to a potential upside of 26.19% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Evercore ISI increased their price target on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. KeyCorp cut shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Mizuho set a $134.00 target price on EOG Resources and gave the company a “neutral” rating in a research report on Friday, December 12th. Citigroup reaffirmed a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Finally, Morgan Stanley set a $128.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus price target of $134.11.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $108.57 on Monday. EOG Resources has a 52-week low of $101.59 and a 52-week high of $135.87. 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 firm’s fifty day moving average is $106.62 and its two-hundred day moving average is $111.88. The company has a market cap 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 posted its 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. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $2.89 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, analysts anticipate that EOG Resources will post 11.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’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 transaction, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EOG Resources

Several institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC raised its holdings in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after buying an additional 88 shares during the period. Ameriflex Group Inc. increased its position in shares of EOG Resources by 31.6% in the second quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after acquiring an additional 91 shares in the last quarter. Hemington Wealth Management raised its holdings in shares of EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after acquiring an additional 93 shares during the period. Bollard Group LLC raised its holdings in shares of EOG Resources by 0.8% during the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after acquiring an additional 93 shares during the period. Finally, apricus wealth LLC lifted its position in shares of EOG Resources by 5.0% in the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Company Profile

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.