EOG Resources Inc (EOG) Receives $136.86 Average Target Price from Analysts
Shares of EOG Resources Inc (NYSE:EOG) have received an average rating of “Buy” from the twenty-eight brokerages that are currently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $136.61.
A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised EOG Resources from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $117.00 to $118.00 in a report on Friday. Zacks Investment Research cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Piper Jaffray Companies set a $138.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Sunday, September 30th. Morgan Stanley decreased their target price on EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a report on Thursday, August 16th. Finally, Wells Fargo & Co assumed coverage on EOG Resources in a research note on Wednesday, October 24th. They issued a “market perform” rating and a $154.00 price objective on the stock.
In related news, EVP David W. Trice sold 2,489 shares of the company’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the transaction, the executive vice president now directly owns 74,807 shares in the company, valued at approximately $9,533,404.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles R. Crisp sold 1,792 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total transaction of $209,305.60. Following the transaction, the director now owns 49,741 shares in the company, valued at $5,809,748.80. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.
EOG Resources stock traded up $3.92 during trading hours on Tuesday, reaching $106.05. The stock had a trading volume of 56,853 shares, compared to its average volume of 3,780,928. The firm has a market cap of $60.35 billion, a PE ratio of 95.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. EOG Resources has a 52 week low of $96.54 and a 52 week high of $133.53. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.28.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.19. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The business had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the firm earned $0.19 earnings per share. The company’s quarterly revenue was up 80.8% on a year-over-year basis. As a group, sell-side analysts expect that EOG Resources will post 5.96 earnings per share for the current fiscal year.
About EOG Resources
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 United Kingdom, the People's Republic of China, and Canada.
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