Argus Increases EOG Resources (EOG) Price Target to $133.00
Several other research firms also recently commented on EOG. Imperial Capital restated an outperform rating and issued a $120.00 price target (up previously from $115.00) on shares of EOG Resources in a research note on Monday. Robert W. Baird set a $122.00 price target on shares of EOG Resources and gave the stock a buy rating in a research note on Friday. Bank of America downgraded shares of EOG Resources from a buy rating to a neutral rating and set a $125.00 target price for the company. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Citigroup upgraded shares of EOG Resources from a neutral rating to a buy rating and set a $125.00 target price for the company in a research note on Wednesday, January 3rd. Finally, Royal Bank of Canada boosted their target price on shares of EOG Resources from $107.00 to $110.00 and gave the stock a sector perform rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $113.75.
EOG Resources (NYSE:EOG) traded down $1.00 during trading on Monday, reaching $111.71. 1,944,057 shares of the company traded hands, compared to its average volume of 2,350,000. The firm has a market cap of $64,590.00, a P/E ratio of 11,171.00, a PEG ratio of 5.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. EOG Resources has a 12-month low of $81.99 and a 12-month high of $113.22.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. research analysts predict that EOG Resources will post 0.88 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be given a dividend of $0.1675 per share. The ex-dividend date is Tuesday, January 16th. This represents a $0.67 annualized dividend and a yield of 0.60%. EOG Resources’s payout ratio is currently 6,700.00%.
In other news, CFO Timothy K. Driggers sold 8,871 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total value of $935,446.95. Following the sale, the chief financial officer now directly owns 185,157 shares in the company, valued at $19,524,805.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 1,741 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $106.00, for a total transaction of $184,546.00. Following the completion of the sale, the executive vice president now owns 75,118 shares in the company, valued at $7,962,508. The disclosure for this sale can be found here. Insiders have sold 133,726 shares of company stock worth $1,921,181 over the last 90 days. 0.53% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in EOG. Baker Ellis Asset Management LLC purchased a new position in shares of EOG Resources during the third quarter valued at approximately $101,000. Chicago Partners Investment Group LLC lifted its stake in shares of EOG Resources by 178.0% during the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after buying an additional 712 shares during the period. Fis Group Inc. purchased a new position in shares of EOG Resources during the third quarter valued at approximately $130,000. Quantbot Technologies LP purchased a new position in shares of EOG Resources during the third quarter valued at approximately $153,000. Finally, Zions Bancorporation lifted its stake in shares of EOG Resources by 5,268.6% during the third quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock valued at $182,000 after buying an additional 1,844 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.
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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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