EOG Resources, Inc. (EOG) Earns Outperform Rating from Analysts at Imperial Capital
Imperial Capital assumed coverage on shares of EOG Resources, Inc. (NYSE:EOG) in a research report released on Thursday, Marketbeat.com reports. The firm issued an outperform rating and a $115.00 price objective on the energy exploration company’s stock.
Several other research firms have also recently commented on EOG. Zacks Investment Research raised EOG Resources from a sell rating to a hold rating in a research note on Monday, July 31st. BidaskClub raised EOG Resources from a sell rating to a hold rating in a research note on Monday, July 31st. Citigroup Inc. cut EOG Resources from a buy rating to a neutral rating and decreased their target price for the stock from $112.00 to $98.00 in a research note on Friday, July 21st. Piper Jaffray Companies decreased their target price on EOG Resources from $109.00 to $94.00 and set an overweight rating for the company in a research note on Monday, September 18th. Finally, Scotiabank reaffirmed a hold rating and set a $100.00 target price on shares of EOG Resources in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $107.84.
EOG Resources (NYSE EOG) opened at 96.74 on Thursday. EOG Resources has a 12 month low of $81.99 and a 12 month high of $109.37. The firm’s market capitalization is $55.86 billion. The company has a 50 day moving average price of $87.81 and a 200 day moving average price of $91.61.
EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the business earned ($0.38) EPS. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. Analysts anticipate that EOG Resources will post $0.59 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be issued a dividend of $0.1675 per share. The ex-dividend date is Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.69%. EOG Resources’s dividend payout ratio (DPR) is currently -131.37%.
In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the sale, the executive vice president now directly owns 70,987 shares in the company, valued at $6,262,473.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.53% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Israel Discount Bank of New York bought a new stake in shares of EOG Resources in the first quarter valued at $556,000. Usca Ria LLC raised its stake in shares of EOG Resources by 232.2% in the second quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock valued at $1,417,000 after buying an additional 10,939 shares during the period. AlphaMark Advisors LLC raised its stake in shares of EOG Resources by 4.8% in the second quarter. AlphaMark Advisors LLC now owns 41,163 shares of the energy exploration company’s stock valued at $3,726,000 after buying an additional 1,895 shares during the period. Utah Retirement Systems raised its stake in shares of EOG Resources by 5.0% in the second quarter. Utah Retirement Systems now owns 105,752 shares of the energy exploration company’s stock valued at $9,573,000 after buying an additional 5,000 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in shares of EOG Resources by 312.1% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 480,575 shares of the energy exploration company’s stock valued at $40,090,000 after buying an additional 363,973 shares during the period. Hedge funds and other institutional investors own 85.37% of the company’s stock.
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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