EOG Resources (NYSE:EOG) has been assigned a $115.00 target price by stock analysts at Cowen in a note issued to investors on Thursday. The firm presently has a “hold” rating on the energy exploration company’s stock. Cowen’s price target would suggest a potential upside of 0.67% from the company’s current price.

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets reiterated a “buy” rating and issued a $120.00 price target on shares of EOG Resources in a research report on Thursday, January 11th. Jefferies Group increased their price target on shares of EOG Resources from $95.00 to $99.00 and gave the company a “hold” rating in a research report on Tuesday, November 7th. Royal Bank of Canada set a $107.00 target price on EOG Resources and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus set a $106.00 target price on EOG Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. EOG Resources has an average rating of “Buy” and an average target price of $114.52.

Shares of EOG Resources (NYSE:EOG) traded up $0.71 during trading hours on Thursday, hitting $114.24. 4,564,600 shares of the company were exchanged, compared to its average volume of 3,043,483. The firm has a market cap of $66,060.00, a P/E ratio of 11,424.00, a price-to-earnings-growth ratio of 4.59 and a beta of 0.98. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources has a 1-year low of $81.99 and a 1-year high of $116.47.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $2.64 billion for 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%. EOG Resources’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the company posted ($0.40) EPS. equities analysts anticipate that EOG Resources will post 0.91 earnings per share for the current year.

In other news, President Gary L. Thomas sold 40,000 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total value of $4,517,600.00. Following the completion of the sale, the president now owns 1,006,461 shares of the company’s stock, valued at approximately $113,669,705.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David W. Trice sold 3,114 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. In the last three months, insiders sold 139,048 shares of company stock valued at $8,173,973. 0.53% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in EOG. Capital Research Global Investors lifted its holdings in EOG Resources by 14.7% during the 2nd 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 purchasing an additional 5,368,941 shares during the last quarter. Capital World Investors lifted its holdings in EOG Resources by 9.9% during the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after purchasing an additional 1,568,085 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in EOG Resources by 43.1% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,006,886 shares of the energy exploration company’s stock valued at $387,626,000 after purchasing an additional 1,206,576 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in EOG Resources by 21.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock valued at $620,361,000 after purchasing an additional 1,118,898 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in EOG Resources by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock valued at $3,727,570,000 after purchasing an additional 1,058,276 shares during the last quarter. 85.28% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for EOG Resources (NYSE:EOG)

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