Equities researchers at Oppenheimer initiated coverage on shares of EOG Resources (NYSE:EOG) in a report issued on Wednesday. The firm set an “outperform” rating and a $108.00 price target on the energy exploration company’s stock. Oppenheimer’s price objective points to a potential upside of 13.96% from the stock’s current price.

A number of other research firms also recently weighed in on EOG. ValuEngine downgraded EOG Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. MKM Partners started coverage on EOG Resources in a report on Wednesday, December 5th. They issued a “buy” rating and a $133.00 price objective for the company. Raymond James set a $124.00 price objective on EOG Resources and gave the company a “buy” rating in a report on Wednesday, January 23rd. Morgan Stanley decreased their price target on EOG Resources from $106.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, February 27th. Finally, Barclays reiterated a “buy” rating and set a $138.00 price target on shares of EOG Resources in a report on Wednesday, March 13th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $123.00.

NYSE EOG opened at $94.77 on Wednesday. The firm has a market capitalization of $53.82 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.37 and a beta of 1.26. EOG Resources has a twelve month low of $82.04 and a twelve month high of $133.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.36 and a quick ratio of 1.13.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.10). The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.44 billion. EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The business’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. On average, sell-side analysts anticipate that EOG Resources will post 4.63 EPS for the current fiscal year.

In other news, Director Frank G. Wisner sold 1,296 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the completion of the sale, the director now owns 120,052 shares in the company, valued at approximately $10,478,138.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ezra Y. Yacob sold 2,388 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $98.77, for a total transaction of $235,862.76. Following the sale, the executive vice president now owns 45,424 shares of the company’s stock, valued at approximately $4,486,528.48. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Athena Capital Advisors LLC purchased a new stake in shares of EOG Resources during the 4th quarter worth approximately $46,000. Legacy Financial Advisors Inc. grew its stake in EOG Resources by 108.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock valued at $48,000 after buying an additional 287 shares in the last quarter. Proficio Capital Partners LLC grew its stake in EOG Resources by 30.8% in the 4th quarter. Proficio Capital Partners LLC now owns 565 shares of the energy exploration company’s stock valued at $49,000 after buying an additional 133 shares in the last quarter. Enlightenment Research LLC purchased a new position in EOG Resources in the 4th quarter valued at approximately $52,000. Finally, Cornerstone Advisors Inc. grew its stake in EOG Resources by 41.2% in the 3rd quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock valued at $63,000 after buying an additional 143 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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Analyst Recommendations for EOG Resources (NYSE:EOG)

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