EOG Resources Inc (EOG) Receives $121.76 Consensus PT from Analysts
EOG Resources Inc (NYSE:EOG) has received a consensus rating of “Buy” from the twenty-nine research firms that are covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $121.76.
Several brokerages have issued reports on EOG. Guggenheim restated a “buy” rating and issued a $126.00 target price on shares of EOG Resources in a report on Friday, February 22nd. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and set a $115.00 target price for the company. in a report on Friday, January 4th. SunTrust Banks began coverage on EOG Resources in a report on Monday, December 17th. They issued a “buy” rating and a $130.00 target price for the company. Finally, MKM Partners dropped their target price on EOG Resources from $121.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, February 28th.
In other news, Director Frank G. Wisner sold 1,296 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total value of $113,114.88. Following the transaction, the director now owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.
Shares of EOG traded down $3.19 during trading hours on Monday, hitting $102.12. 5,348,857 shares of the stock were exchanged, compared to its average volume of 4,084,889. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.36. The stock has a market capitalization of $57.27 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.39 and a beta of 1.26. EOG Resources has a 12-month low of $82.04 and a 12-month high of $133.53.
EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.10). The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.44 billion. EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The firm’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. On average, analysts predict that EOG Resources will post 4.84 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 15.88%.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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