EOG Resources, Inc. (NYSE:EOG)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Tuesday. They presently have a $89.00 target price on the energy exploration company’s stock, down from their previous target price of $101.00. Jefferies Group LLC’s target price suggests a potential upside of 6.71% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Raymond James Financial, Inc. raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Wednesday, May 10th. Wells Fargo & Company raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Wednesday, May 10th. Royal Bank Of Canada set a $115.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research note on Sunday, July 16th. Barclays PLC lifted their price target on shares of EOG Resources from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Wednesday, May 10th. Finally, Citigroup Inc. downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their price target for the company from $112.00 to $98.00 in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have issued a buy rating to the company’s stock. EOG Resources has a consensus rating of “Buy” and a consensus price target of $108.08.

EOG Resources (EOG) traded down 0.9711% on Tuesday, hitting $82.5901. 1,078,186 shares of the stock were exchanged. EOG Resources has a one year low of $81.99 and a one year high of $109.37. The company’s 50 day moving average price is $90.04 and its 200-day moving average price is $92.96. The company’s market cap is $47.69 billion.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the firm posted ($0.38) EPS. The business’s revenue was up 47.1% on a year-over-year basis. Equities research analysts predict that EOG Resources will post $0.61 EPS for the current fiscal year.

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In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the completion of the transaction, the executive vice president now directly owns 70,987 shares in the company, valued at $6,262,473.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC increased its position in EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after buying an additional 41 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after buying an additional 401 shares in the last quarter. Advantage Investment Management LLC increased its position in EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock worth $105,000 after buying an additional 154 shares in the last quarter. Winfield Associates Inc. increased its position in EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock worth $111,000 after buying an additional 57 shares in the last quarter. Finally, Exane Derivatives increased its position in shares of EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after buying an additional 192 shares during the period. Institutional investors own 85.47% of the company’s stock.

EOG Resources Company Profile

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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