EOG Resources, Inc. (EOG) PT Set at $114.00 by Robert W. Baird
EOG Resources, Inc. (NYSE:EOG) received a $114.00 target price from analysts at Robert W. Baird in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the energy exploration company’s stock. Robert W. Baird’s target price suggests a potential upside of 12.39% from the company’s previous close.
Several other equities analysts have also issued reports on the stock. Jefferies Group LLC lifted their price objective on shares of EOG Resources from $95.00 to $99.00 and gave the company a “hold” rating in a report on Tuesday, November 7th. Royal Bank Of Canada lifted their price objective 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. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Morgan Stanley set a $116.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, J P Morgan Chase & Co lifted their price objective on shares of EOG Resources from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the stock. EOG Resources has a consensus rating of “Buy” and an average target price of $108.79.
Shares of EOG Resources (NYSE EOG) traded up $0.07 during mid-day trading on Friday, reaching $101.43. 2,027,400 shares of the company traded hands, compared to its average volume of 3,124,405. The stock has a market capitalization of $58,800.00, a price-to-earnings ratio of 247.22, a price-to-earnings-growth ratio of 14.51 and a beta of 0.99. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. EOG Resources has a 12 month low of $81.99 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. EOG Resources’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the company posted ($0.40) earnings per share. analysts anticipate that EOG Resources will post 0.78 EPS for the current fiscal year.
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In other EOG Resources news, insider Gary L. Thomas sold 25,000 shares of EOG Resources stock in a transaction on Friday, September 29th. The shares were sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the transaction, the insider now owns 1,067,465 shares of the company’s stock, valued at $103,149,142.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 6,167 shares of EOG Resources stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total transaction of $601,282.50. Following the completion of the transaction, the executive vice president now directly owns 74,316 shares of the company’s stock, valued at approximately $7,245,810. The disclosure for this sale can be found here. Insiders sold 153,692 shares of company stock valued at $3,717,390 in the last ninety days. 0.53% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Westport Asset Management Inc. increased its holdings in EOG Resources by 120.3% in the third quarter. Westport Asset Management Inc. now owns 55,077 shares of the energy exploration company’s stock valued at $5,328,000 after buying an additional 30,077 shares in the last quarter. Griffin Asset Management Inc. purchased a new position in EOG Resources in the third quarter valued at $1,719,000. Piedmont Investment Advisors LLC increased its holdings in EOG Resources by 0.9% in the third quarter. Piedmont Investment Advisors LLC now owns 124,461 shares of the energy exploration company’s stock valued at $12,040,000 after buying an additional 1,146 shares in the last quarter. California Public Employees Retirement System increased its holdings in EOG Resources by 4.3% in the third quarter. California Public Employees Retirement System now owns 1,288,746 shares of the energy exploration company’s stock valued at $124,673,000 after buying an additional 52,936 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in EOG Resources in the third quarter valued at $969,000. 85.36% of the stock is owned by institutional investors.
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.
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