Robert W. Baird Reiterates $114.00 Price Target for EOG Resources, Inc. (EOG)
EOG has been the subject of a number of other reports. Imperial Capital assumed coverage on shares of EOG Resources in a research note on Thursday, September 28th. They issued an outperform rating and a $115.00 price objective for the company. Morgan Stanley upgraded shares of EOG Resources from an equal weight rating to an overweight rating and boosted their price objective for the stock from $97.00 to $106.00 in a research note on Tuesday, September 12th. Barclays PLC restated an overweight rating and issued a $101.00 price objective (up from $94.00) on shares of EOG Resources in a research note on Thursday, August 3rd. BMO Capital Markets set a $105.00 price objective on shares of EOG Resources and gave the stock a buy rating in a research note on Tuesday, October 10th. Finally, Jefferies Group LLC boosted their price objective on shares of EOG Resources from $95.00 to $99.00 and gave the stock a hold rating in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $108.79.
Shares of EOG Resources (NYSE EOG) opened at $101.64 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. EOG Resources has a one year low of $81.99 and a one year high of $109.37. The firm has a market cap of $58,770.20, a price-to-earnings ratio of 247.90, a PEG ratio of 14.55 and a beta of 0.99.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the company earned ($0.40) earnings per share. EOG Resources’s revenue for the quarter was up 24.8% on a year-over-year basis. research analysts anticipate that EOG Resources will post 0.78 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Monday, October 16th. EOG Resources’s payout ratio is 6,700.00%.
In other news, EVP David W. Trice sold 3,114 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the sale, the executive vice president now owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.03, for a total transaction of $330,969.33. Following the completion of the sale, the director now directly owns 53,196 shares in the company, valued at approximately $5,161,607.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,692 shares of company stock worth $3,717,390. 0.53% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. WINTON GROUP Ltd grew its holdings in EOG Resources by 87.9% during the 2nd quarter. WINTON GROUP Ltd now owns 8,859 shares of the energy exploration company’s stock worth $802,000 after acquiring an additional 4,144 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in EOG Resources during the 3rd quarter worth about $4,649,000. Wendell David Associates Inc. grew its holdings in EOG Resources by 4.2% during the 3rd quarter. Wendell David Associates Inc. now owns 14,910 shares of the energy exploration company’s stock worth $1,442,000 after acquiring an additional 600 shares during the last quarter. Usca Ria LLC grew its holdings in EOG Resources by 232.2% during the 2nd quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock worth $1,417,000 after acquiring an additional 10,939 shares during the last quarter. Finally, Aperio Group LLC grew its holdings in EOG Resources by 6.9% during the 3rd quarter. Aperio Group LLC now owns 263,616 shares of the energy exploration company’s stock worth $25,502,000 after acquiring an additional 17,107 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
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.
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