EOG Resources (EOG) Coverage Initiated by Analysts at Credit Suisse Group
Stock analysts at Credit Suisse Group initiated coverage on shares of EOG Resources (NYSE:EOG) in a report issued on Monday. The brokerage set a “neutral” rating and a $106.00 price target on the energy exploration company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 4.73% from the company’s previous close.
Other research analysts have also issued research reports about the company. Jefferies Group reiterated a “hold” rating and issued a $101.00 price target on shares of EOG Resources in a research report on Wednesday, August 16th. Royal Bank of Canada set a $107.00 price target on EOG Resources and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Stifel Nicolaus set a $106.00 price target on EOG Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th. Barclays lifted their price target on EOG Resources from $117.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Finally, Imperial Capital assumed coverage on EOG Resources in a research report on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price target for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $109.33.
Shares of EOG Resources (NYSE EOG) traded up $0.82 during trading on Monday, hitting $101.21. The stock had a trading volume of 1,946,800 shares, compared to its average volume of 3,080,763. The stock has a market capitalization of $58,047.42, a price-to-earnings ratio of 244.85, a price-to-earnings-growth ratio of 13.24 and a beta of 0.98. 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 released 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 company had revenue of $2.64 billion during 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 revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.40) earnings per share. sell-side analysts forecast that EOG Resources will post 0.84 earnings per share for the current fiscal year.
In other news, EVP David W. Trice sold 3,114 shares of EOG Resources stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $106.65, for a total transaction of $332,108.10. Following the completion of the sale, the executive vice president now owns 80,415 shares of the company’s stock, valued at $8,576,259.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 6,167 shares of EOG Resources stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total transaction of $601,282.50. Following the sale, the executive vice president now directly owns 74,316 shares of the company’s stock, valued at approximately $7,245,810. The disclosure for this sale can be found here. Insiders have sold 153,692 shares of company stock valued at $3,717,390 in the last ninety days. Insiders own 0.53% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Baker Ellis Asset Management LLC purchased a new position in EOG Resources during the third quarter valued at approximately $101,000. Winfield Associates Inc. increased its holdings in EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after buying an additional 19 shares during the period. Chicago Partners Investment Group LLC increased its holdings in 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. First Personal Financial Services increased its holdings in EOG Resources by 53.6% during the second quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock valued at $124,000 after buying an additional 479 shares during the period. Finally, Fis Group Inc. purchased a new position in EOG Resources during the third quarter valued at approximately $130,000. 86.20% of the stock is owned by hedge funds and other institutional investors.
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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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