EOG Resources (NYSE:EOG) received a $101.00 price target from analysts at Jefferies Group in a report issued on Wednesday. The firm presently has a “hold” rating on the energy exploration company’s stock. Jefferies Group’s price objective would suggest a potential downside of 2.45% from the company’s previous close.
Several other brokerages have also issued reports on EOG. Royal Bank of Canada boosted their price target on shares of EOG Resources from $107.00 to $110.00 and gave the company a “sector perform” rating in a report on Tuesday, November 7th. Piper Jaffray Companies reissued a “buy” rating and issued a $106.00 price target on shares of EOG Resources in a report on Wednesday, November 22nd. Barclays boosted their price target on shares of EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Robert W. Baird set a $114.00 price target on shares of EOG Resources and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Credit Suisse Group started coverage on shares of EOG Resources in a report on Monday, December 11th. They issued a “neutral” rating and a $106.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and an average price target of $109.91.
Shares of EOG Resources (EOG) opened at $103.54 on Wednesday. The stock has a market cap of $58,648.77, a price-to-earnings ratio of 247.39, a price-to-earnings-growth ratio of 13.23 and a beta of 0.98. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources has a fifty-two week low of $81.99 and a fifty-two week high of $107.95.
In related news, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $97.03, for a total transaction of $330,969.33. Following the transaction, the director now owns 53,196 shares in the company, valued at approximately $5,161,607.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 6,167 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.50, for a total transaction of $601,282.50. Following the transaction, the executive vice president now owns 74,316 shares in the company, valued at approximately $7,245,810. 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 corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of EOG. Capital Research Global Investors lifted its position in EOG Resources by 14.7% during the 2nd quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after purchasing an additional 5,368,941 shares during the period. Ameriprise Financial Inc. lifted its position in EOG Resources by 64.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock valued at $479,202,000 after purchasing an additional 2,083,122 shares during the period. Capital World Investors lifted its position in EOG Resources by 9.9% during the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after purchasing an additional 1,568,085 shares during the period. UBS Asset Management Americas Inc. lifted its position in EOG Resources by 49.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock valued at $399,039,000 after purchasing an additional 1,452,947 shares during the period. Finally, Findlay Park Partners LLP acquired a new position in EOG Resources during the 2nd quarter valued at about $120,097,000. Institutional investors and hedge funds own 85.25% of the company’s stock.
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.
