EOG Resources (NYSE:EOG) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Several other equities analysts have also recently weighed in on the stock. Barclays reaffirmed a “buy” rating and issued a $138.00 price target on shares of EOG Resources in a research report on Wednesday, March 13th. Wells Fargo & Co dropped their price target on shares of EOG Resources from $116.00 to $99.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 13th. They noted that the move was a valuation call. Argus set a $120.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Friday, March 1st. TD Securities dropped their price target on shares of EOG Resources from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, February 28th. Finally, MKM Partners dropped their price target on shares of EOG Resources from $121.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, February 28th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. EOG Resources has a consensus rating of “Buy” and an average price target of $123.68.

Shares of NYSE EOG opened at $92.88 on Wednesday. EOG Resources has a fifty-two week low of $82.04 and a fifty-two week high of $133.53. The stock has a market capitalization of $53.32 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.35 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.10). EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the business posted $0.69 EPS. EOG Resources’s revenue was up 36.9% compared to the same quarter last year. As a group, sell-side analysts expect that EOG Resources will post 4.48 earnings per share for the current year.

In other news, Director Frank G. Wisner sold 3,150 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $92.60, for a total transaction of $291,690.00. Following the completion of the sale, the director now owns 116,586 shares in the company, valued at approximately $10,795,863.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank G. Wisner sold 1,296 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total transaction of $113,114.88. Following the sale, the director now owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,834 shares of company stock valued at $640,668. Company insiders own 0.51% of the company’s stock.

Hedge funds have recently modified their holdings of the company. PFG Advisors purchased a new stake in shares of EOG Resources during the 4th quarter worth approximately $1,274,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of EOG Resources by 41.9% during the 4th quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 62,964 shares of the energy exploration company’s stock worth $5,606,000 after purchasing an additional 18,584 shares during the last quarter. Resources Management Corp CT ADV purchased a new stake in shares of EOG Resources during the 3rd quarter worth approximately $158,000. Intercontinental Wealth Advisors LLC purchased a new position in EOG Resources in the 4th quarter valued at approximately $66,000. Finally, Gagnon Securities LLC grew its stake in EOG Resources by 5.8% in the 4th quarter. Gagnon Securities LLC now owns 3,275 shares of the energy exploration company’s stock valued at $286,000 after buying an additional 179 shares in the last quarter. Institutional investors own 86.75% of the company’s stock.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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Analyst Recommendations for EOG Resources (NYSE:EOG)

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