EOG Resources’ (EOG) Buy Rating Reaffirmed at Piper Jaffray Companies
Piper Jaffray Companies reissued their buy rating on shares of EOG Resources, Inc. (NYSE:EOG) in a research note issued to investors on Wednesday. They currently have a $106.00 price target on the energy exploration company’s stock.
Other analysts have also issued research reports about the company. BMO Capital Markets reissued a buy rating and issued a $95.00 target price on shares of EOG Resources in a research report on Friday, August 4th. Stifel Nicolaus set a $106.00 price objective on EOG Resources and gave the stock a buy rating in a research report on Thursday, October 5th. Robert W. Baird set a $114.00 price objective on EOG Resources and gave the stock a buy rating in a research report on Thursday, October 12th. Morgan Stanley set a $116.00 price objective on EOG Resources and gave the stock a buy rating in a research report on Wednesday, October 18th. Finally, ValuEngine raised EOG Resources from a sell rating to a hold rating in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $109.42.
Shares of EOG Resources (NYSE EOG) traded down $0.07 during midday trading on Wednesday, reaching $101.59. The company’s stock had a trading volume of 2,654,800 shares, compared to its average volume of 3,117,644. The stock has a market capitalization of $58,741.29, a price-to-earnings ratio of 247.78, a price-to-earnings-growth ratio of 13.60 and a beta of 0.99. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. EOG Resources has a 52 week low of $81.99 and a 52 week high of $109.37.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.40) earnings per share. analysts predict that EOG Resources will post 0.83 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
In related news, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $96.63, for a total value of $2,415,750.00. Following the transaction, the insider now owns 1,067,465 shares of the company’s stock, valued at $103,149,142.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David W. Trice sold 3,114 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the completion of the transaction, the executive vice president now directly owns 80,415 shares in the company, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. Insiders sold 153,692 shares of company stock worth $3,717,390 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of EOG. Capital Research Global Investors boosted its stake in EOG Resources by 14.7% in the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after acquiring an additional 5,368,941 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in EOG Resources by 64.9% in the second quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock valued at $479,202,000 after acquiring an additional 2,083,122 shares in the last quarter. Capital World Investors boosted its stake in EOG Resources by 9.9% in the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after acquiring an additional 1,568,085 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in EOG Resources by 49.2% in the second quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock valued at $399,039,000 after acquiring an additional 1,452,947 shares in the last quarter. Finally, Findlay Park Partners LLP acquired a new position in EOG Resources in the second quarter valued at $120,097,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
EOG Resources Company Profile
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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