EOG Resources, Inc. (NYSE:EOG) Receives Average Recommendation of “Hold” from Brokerages

EOG Resources, Inc. (NYSE:EOGGet Free Report) has received a consensus recommendation of “Hold” from the thirty analysts that are currently covering the firm, Marketbeat.com reports. Eighteen analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $140.8148.

A number of research analysts have commented on the stock. Stephens upped their target price on shares of EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Sanford C. Bernstein reiterated a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. JPMorgan Chase & Co. boosted their price target on shares of EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Zacks Research upgraded shares of EOG Resources from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Finally, UBS Group increased their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd.

Read Our Latest Report on EOG Resources

EOG Resources Price Performance

NYSE:EOG opened at $144.38 on Wednesday. EOG Resources has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $77.35 billion, a P/E ratio of 15.85, a P/E/G ratio of 3.12 and a beta of 0.44. The stock’s fifty day moving average is $124.99 and its two-hundred day moving average is $114.21.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.74 EPS. Equities analysts expect that EOG Resources will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio is 44.79%.

Key EOG Resources News

Here are the key news stories impacting EOG Resources this week:

Insider Buying and Selling at EOG Resources

In other news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the chief operating officer owned 61,481 shares in the company, valued at $7,685,125. This represents a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 12,532 shares of company stock valued at $1,666,045. Company insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

Institutional investors and hedge funds have recently bought and sold shares of the business. Acumen Wealth Advisors LLC purchased a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Prosperity Bancshares Inc acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $26,000. JCIC Asset Management Inc. purchased a new stake in EOG Resources during the 3rd quarter worth approximately $32,000. Gen Wealth Partners Inc purchased a new stake in EOG Resources during the 4th quarter worth approximately $30,000. Finally, Nemes Rush Group LLC acquired a new stake in EOG Resources during the 4th quarter worth approximately $30,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.