EOG Resources, Inc. (EOG) Given a $115.00 Price Target at Royal Bank Of Canada
Royal Bank Of Canada set a $115.00 price target on EOG Resources, Inc. (NYSE:EOG) in a research report released on Sunday morning. The firm currently has a hold rating on the energy exploration company’s stock.
Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company upgraded EOG Resources from a market perform rating to an outperform rating and set a $110.00 price objective for the company in a report on Wednesday, May 10th. BMO Capital Markets reiterated a buy rating on shares of EOG Resources in a research note on Tuesday, May 9th. Iberia Capital boosted their price target on EOG Resources from $109.00 to $119.00 and gave the company an outperform rating in a research note on Monday, April 3rd. UBS AG upgraded EOG Resources from a neutral rating to a buy rating and boosted their price target for the company from $106.00 to $109.00 in a research note on Thursday, March 30th. Finally, Scotiabank set a $100.00 price target on EOG Resources and gave the company a hold rating in a research note on Saturday, July 1st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $108.59.
Shares of EOG Resources (NYSE EOG) opened at 94.31 on Friday. The firm has a 50 day moving average price of $89.50 and a 200-day moving average price of $95.46. The company’s market cap is $54.44 billion. EOG Resources has a 12 month low of $78.04 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Monday, May 8th. The energy exploration company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. EOG Resources had a negative return on equity of 2.69% and a negative net margin of 6.70%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the company posted ($0.83) earnings per share. The business’s revenue was up 92.8% on a year-over-year basis. Analysts anticipate that EOG Resources will post $0.88 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be given a dividend of $0.1675 per share. The ex-dividend date is Thursday, July 13th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.71%. EOG Resources’s dividend payout ratio (DPR) is presently -62.04%.
Several institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd boosted its position in EOG Resources by 86.9% in the fourth quarter. Quadrature Capital Ltd now owns 180,832 shares of the energy exploration company’s stock worth $18,275,000 after buying an additional 84,076 shares during the period. Ibex Wealth Advisors boosted its position in EOG Resources by 6.0% in the fourth quarter. Ibex Wealth Advisors now owns 16,845 shares of the energy exploration company’s stock worth $1,777,000 after buying an additional 946 shares during the period. UBS Asset Management Americas Inc. boosted its position in EOG Resources by 2.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,185,625 shares of the energy exploration company’s stock worth $322,067,000 after buying an additional 70,513 shares during the period. Whalerock Point Partners LLC boosted its position in EOG Resources by 39.4% in the fourth quarter. Whalerock Point Partners LLC now owns 5,291 shares of the energy exploration company’s stock worth $535,000 after buying an additional 1,496 shares during the period. Finally, Teachers Advisors LLC boosted its position in EOG Resources by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 3,277,546 shares of the energy exploration company’s stock worth $331,360,000 after buying an additional 140,590 shares during the period. 84.86% of the stock is currently owned by institutional investors.
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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