EOG Resources (NYSE:EOG) Given New $186.00 Price Target at Raymond James Financial

EOG Resources (NYSE:EOG) had its price objective upped by investment analysts at Raymond James Financial from $183.00 to $186.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “strong-buy” rating on the energy exploration company’s stock. Raymond James Financial’s price target would suggest a potential upside of 28.81% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Sanford C. Bernstein reduced their price target on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. Stifel Nicolaus initiated coverage on shares of EOG Resources in a report on Thursday, September 10th. They issued a “hold” rating and a $158.00 target price on the stock. Barclays set a $147.00 target price on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Monday, August 17th. Citigroup reaffirmed a “neutral” rating and issued a $150.00 price target (up from $141.00) on shares of EOG Resources in a report on Thursday, August 27th. Finally, Morgan Stanley set a $157.00 price target on EOG Resources and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $158.11.

EOG Resources Price Performance

NYSE:EOG traded down $0.53 during trading hours on Thursday, reaching $144.40. The stock had a trading volume of 446,292 shares, compared to its average volume of 4,142,598. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. EOG Resources has a 52 week low of $101.59 and a 52 week high of $154.16. The company has a 50 day moving average price of $144.02 and a two-hundred day moving average price of $138.77. The stock has a market capitalization of $75.74 billion, a PE ratio of 11.22, a PEG ratio of 0.57 and a beta of 0.26.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.32 EPS. As a group, sell-side analysts anticipate that EOG Resources will post 16.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ezra Yacob sold 35,942 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Donaldson sold 7,336 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the transaction, the executive vice president directly owned 100,558 shares in the company, valued at $14,882,584. This trade represents a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EOG. SJS Investment Consulting Inc. grew its stake in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 124 shares in the last quarter. Nemes Rush Group LLC bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $30,000. Financial Life Planners bought a new stake in shares of EOG Resources during the first quarter valued at approximately $30,000. Wedbush Fund Advisers LLC purchased a new stake in shares of EOG Resources in the second quarter valued at approximately $31,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of EOG Resources in the first quarter valued at approximately $37,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.