EOG Resources (NYSE:EOG) had its target price dropped by equities researchers at Robert W. Baird from $115.00 to $114.00 in a report released on Monday, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the energy exploration company’s stock. Robert W. Baird’s target price suggests a potential upside of 12.39% from the stock’s current price.
A number of other analysts have also weighed in on EOG. Jefferies Group restated a “hold” rating and issued a $89.00 target price (down previously from $101.00) on shares of EOG Resources in a research report on Tuesday, August 29th. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $97.00 to $106.00 in a research report on Tuesday, September 12th. Piper Jaffray Companies cut their target price on shares of EOG Resources from $109.00 to $94.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Finally, Imperial Capital initiated coverage on shares of EOG Resources in a research report on Thursday, September 28th. They issued an “outperform” rating and a $115.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $109.83.
EOG Resources (EOG) traded up $1.52 during midday trading on Monday, hitting $101.43. 2,356,605 shares of the company traded hands, compared to its average volume of 3,069,103. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. The firm has a market cap of $56,983.50, a price-to-earnings ratio of 240.37, a price-to-earnings-growth ratio of 13.00 and a beta of 0.98. EOG Resources has a twelve month low of $81.99 and a twelve month high of $107.95.
In related news, Director Charles R. Crisp sold 3,411 shares of EOG Resources stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total transaction of $330,969.33. Following the completion of the transaction, the director now owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David W. Trice sold 3,114 shares of EOG Resources stock in a transaction on Monday, November 6th. The stock was sold at an average price of $106.65, for a total transaction of $332,108.10. Following the transaction, the executive vice president now directly owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,692 shares of company stock worth $3,717,390. 0.53% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Seaward Management Limited Partnership increased its stake in EOG Resources by 1.9% in the second quarter. Seaward Management Limited Partnership now owns 100,668 shares of the energy exploration company’s stock valued at $9,112,000 after purchasing an additional 1,852 shares in the last quarter. Global X Management Co. LLC increased its stake in EOG Resources by 25.0% in the second quarter. Global X Management Co. LLC now owns 9,689 shares of the energy exploration company’s stock valued at $877,000 after purchasing an additional 1,938 shares in the last quarter. Cigna Investments Inc. New increased its stake in EOG Resources by 4.1% in the second quarter. Cigna Investments Inc. New now owns 24,393 shares of the energy exploration company’s stock valued at $2,208,000 after purchasing an additional 952 shares in the last quarter. Aveo Capital Partners LLC increased its stake in EOG Resources by 4.6% in the second quarter. Aveo Capital Partners LLC now owns 2,598 shares of the energy exploration company’s stock valued at $235,000 after purchasing an additional 115 shares in the last quarter. Finally, Arrow Financial Corp increased its stake in EOG Resources by 7.1% in the second quarter. Arrow Financial Corp now owns 9,400 shares of the energy exploration company’s stock valued at $851,000 after purchasing an additional 620 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.
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About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
