EOG Resources Inc (NYSE:EOG) has been given a $116.00 price objective by investment analysts at Morgan Stanley in a report released on Wednesday. The brokerage presently has a “buy” rating on the energy exploration company’s stock. Morgan Stanley’s price objective points to a potential upside of 21.14% from the company’s current price.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a research report on Friday, July 14th. BMO Capital Markets reissued a “buy” rating and set a $95.00 price objective on shares of EOG Resources in a research report on Friday, August 4th. Robert W. Baird set a $114.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research report on Thursday, October 12th. Scotiabank set a $100.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a research report on Saturday, July 1st. Finally, Royal Bank Of Canada set a $115.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a research report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $108.68.

Shares of EOG Resources (EOG) traded up 1.18% on Wednesday, reaching $96.89. 1,288,666 shares of the company traded hands. The stock’s market capitalization is $55.95 billion. EOG Resources has a one year low of $81.99 and a one year high of $109.37. The stock’s 50 day moving average price is $93.67 and its 200-day moving average price is $91.74.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a net margin of 0.88% and a return on equity of 0.66%. The firm’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.38) earnings per share. Equities analysts forecast that EOG Resources will post $0.64 earnings per share for the current fiscal year.

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In other EOG Resources news, EVP Michael P. Donaldson sold 6,167 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $97.50, for a total transaction of $601,282.50. Following the transaction, the executive vice president now owns 74,316 shares in the company, valued at approximately $7,245,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the transaction, the executive vice president now owns 70,987 shares in the company, valued at approximately $6,262,473.14. The disclosure for this sale can be found here. Insiders have sold a total of 38,578 shares of company stock worth $3,700,882 in the last 90 days. Company insiders own 0.53% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gagnon Securities LLC lifted its stake in EOG Resources by 0.3% during the 2nd quarter. Gagnon Securities LLC now owns 3,018 shares of the energy exploration company’s stock valued at $273,000 after acquiring an additional 8 shares during the period. Guardian Life Insurance Co. of America lifted its stake in EOG Resources by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,223 shares of the energy exploration company’s stock valued at $217,000 after acquiring an additional 15 shares during the period. Winfield Associates Inc. lifted its stake in EOG Resources by 1.7% during the 2nd quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after acquiring an additional 19 shares during the period. Quadrant Capital Group LLC lifted its stake in EOG Resources by 0.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 5,007 shares of the energy exploration company’s stock valued at $418,000 after acquiring an additional 23 shares during the period. Finally, Bank of The West lifted its stake in EOG Resources by 0.8% during the 2nd quarter. Bank of The West now owns 3,751 shares of the energy exploration company’s stock valued at $339,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 85.39% 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.

Analyst Recommendations for EOG Resources (NYSE:EOG)

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