EOG Resources (NYSE:EOG) Price Target Cut to $108.00 by Analysts at Roth Mkm

EOG Resources (NYSE:EOG) had its price target decreased by equities researchers at Roth Mkm from $114.00 to $108.00 in a research note issued to investors on Friday,MarketScreener reports. The firm currently has a “neutral” rating on the energy exploration company’s stock. Roth Mkm’s target price would indicate a potential downside of 0.24% from the stock’s previous close.

EOG has been the topic of several other research reports. Jefferies Financial Group set a $140.00 target price on EOG Resources in a research report on Wednesday, January 14th. Barclays lowered their price target on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday. Scotiabank set a $123.00 target price on shares of EOG Resources and gave the stock a “sector perform” rating in a research note on Friday, January 16th. Citigroup reaffirmed a “neutral” rating and issued a $115.00 price target (down previously from $125.00) on shares of EOG Resources in a report on Wednesday, December 17th. Finally, Evercore ISI lifted their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $134.67.

EOG Resources Trading Up 1.8%

NYSE:EOG opened at $108.26 on Friday. EOG Resources has a one year low of $101.59 and a one year high of $135.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The firm has a market capitalization of $58.74 billion, a P/E ratio of 10.78, a PEG ratio of 8.83 and a beta of 0.49. The company’s 50-day simple moving average is $106.68 and its 200 day simple moving average is $112.23.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. EOG Resources’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.89 EPS. As a group, analysts forecast that EOG Resources will post 11.47 EPS for the current fiscal year.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EOG Resources

Several large investors have recently added to or reduced their stakes in EOG. Cullen Capital Management LLC raised its position in shares of EOG Resources by 4.7% during the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after buying an additional 25,753 shares in the last quarter. Kiker Wealth Management LLC acquired a new position in EOG Resources during the second quarter valued at approximately $627,000. Railway Pension Investments Ltd raised its position in shares of EOG Resources by 6.9% in the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after purchasing an additional 28,800 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of EOG Resources by 9.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after buying an additional 5,156 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in EOG Resources by 11.1% during the third quarter. Nisa Investment Advisors LLC now owns 172,617 shares of the energy exploration company’s stock valued at $19,354,000 after acquiring an additional 17,195 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.