EOG Resources Inc. (NYSE:EOG) has been assigned a $108.00 target price by equities research analysts at FBR & Co in a research note issued on Monday. The firm presently has a a “buy” rating on the energy exploration company’s stock. FBR & Co’s target price would suggest a potential upside of 19.47% from the stock’s previous close.

Several other research firms also recently weighed in on EOG. Barclays PLC boosted their price target on shares of EOG Resources from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, July 14th. Bank of America Corp. set a $100.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a research report on Friday, August 5th. Credit Suisse Group AG restated a “hold” rating and issued a $90.00 price objective on shares of EOG Resources in a research report on Tuesday, August 9th. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Monday, July 25th. Finally, Deutsche Bank AG upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and boosted their price objective for the company from $83.00 to $96.00 in a research report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $91.96.

Analyst Recommendations for EOG Resources (NYSE:EOG)

EOG Resources (NYSE:EOG) opened at 90.40 on Monday. The company has a 50-day moving average of $90.15 and a 200 day moving average of $82.21. EOG Resources has a 12 month low of $57.15 and a 12 month high of $95.93. The company’s market cap is $49.78 billion.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.10. The business earned $1.78 billion during the quarter, compared to the consensus estimate of $1.57 billion. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. The firm’s revenue for the quarter was down 28.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities analysts forecast that EOG Resources will post ($1.67) earnings per share for the current fiscal year.

In other news, Director Frank G. Wisner sold 2,026 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $92.65, for a total value of $187,708.90. Following the completion of the sale, the director now directly owns 113,125 shares of the company’s stock, valued at $10,481,031.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the stock in a transaction on Friday, July 8th. The stock was sold at an average price of $81.82, for a total transaction of $398,872.50. Following the completion of the sale, the executive vice president now directly owns 59,032 shares of the company’s stock, valued at $4,829,998.24. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Tortoise Investment Management LLC purchased a new stake in shares of EOG Resources during the second quarter worth about $100,000. Lenox Wealth Management Inc. boosted its position in EOG Resources by 53.6% in the second quarter. Lenox Wealth Management Inc. now owns 1,465 shares of the energy exploration company’s stock valued at $122,000 after buying an additional 511 shares during the last quarter. Pinkerton Retirement Specialists LLC boosted its position in EOG Resources by 819.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,489 shares of the energy exploration company’s stock valued at $124,000 after buying an additional 1,327 shares during the last quarter. Citizens Financial Group Inc RI boosted its position in EOG Resources by 2.3% in the second quarter. Citizens Financial Group Inc RI now owns 1,680 shares of the energy exploration company’s stock valued at $140,000 after buying an additional 38 shares during the last quarter. Finally, Exane Derivatives boosted its position in EOG Resources by 0.3% in the first quarter. Exane Derivatives now owns 1,937 shares of the energy exploration company’s stock valued at $141,000 after buying an additional 6 shares during the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.

About EOG Resources

EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.

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