Stifel Nicolaus Reiterates $106.00 Price Target for EOG Resources, Inc. (EOG)
EOG Resources, Inc. (NYSE:EOG) has been assigned a $106.00 price target by stock analysts at Stifel Nicolaus in a note issued to investors on Thursday. The firm currently has a “buy” rating on the energy exploration company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 9.79% from the stock’s current price.
Several other analysts also recently issued reports on EOG. FBR & Co decreased their price objective on shares of EOG Resources from $122.00 to $108.00 and set an “outperform” rating for the company in a report on Monday, June 26th. Atlantic Securities raised shares of EOG Resources from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $98.00 to $100.00 in a report on Tuesday, June 27th. BidaskClub raised shares of EOG Resources from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Scotiabank set a $100.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a report on Saturday, July 1st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of EOG Resources in a report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $107.64.
EOG Resources (NYSE EOG) traded down 0.77% during midday trading on Thursday, reaching $95.81. 563,433 shares of the company traded hands. The firm has a 50 day moving average of $90.04 and a 200-day moving average of $91.66. The stock’s market capitalization is $55.33 billion. EOG Resources has a 12 month low of $81.99 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. EOG Resources’s quarterly revenue was up 47.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.38) earnings per share. Analysts forecast that EOG Resources will post $0.60 EPS for the current fiscal year.
In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the 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 completion of the sale, the executive vice president now owns 70,987 shares in the company, valued at approximately $6,262,473.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.50, for a total transaction of $601,282.50. Following the sale, the executive vice president now owns 74,316 shares of the company’s stock, valued at approximately $7,245,810. The disclosure for this sale can be found here. Insiders have sold a total of 38,578 shares of company stock valued at $3,700,882 in the last quarter. 0.53% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Israel Discount Bank of New York acquired a new stake in shares of EOG Resources during the 1st quarter worth about $556,000. Usca Ria LLC increased its position in shares of 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 purchasing an additional 10,939 shares in the last quarter. AlphaMark Advisors LLC increased its position in shares of EOG Resources by 4.8% during the 2nd quarter. AlphaMark Advisors LLC now owns 41,163 shares of the energy exploration company’s stock worth $3,726,000 after purchasing an additional 1,895 shares in the last quarter. Utah Retirement Systems increased its position in shares of EOG Resources by 5.0% during the 2nd quarter. Utah Retirement Systems now owns 105,752 shares of the energy exploration company’s stock worth $9,573,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in shares of EOG Resources by 312.1% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 480,575 shares of the energy exploration company’s stock worth $40,090,000 after purchasing an additional 363,973 shares in the last quarter. Institutional investors and hedge funds own 85.37% 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.
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