Susquehanna Lowers EOG Resources (NYSE:EOG) Price Target to $151.00

EOG Resources (NYSE:EOG) had its price target lowered by investment analysts at Susquehanna from $161.00 to $151.00 in a research report issued on Monday,MarketScreener reports. The firm currently has a “positive” rating on the energy exploration company’s stock. Susquehanna’s price objective suggests a potential upside of 40.49% from the stock’s previous close.

A number of other research firms have also recently commented on EOG. Citigroup reiterated a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Evercore ISI raised their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Johnson Rice lowered their price objective on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Wells Fargo & Company dropped their price objective on EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Finally, Wolfe Research decreased their price objective on EOG Resources from $138.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average target price of $134.07.

EOG Resources Stock Down 0.8%

Shares of EOG traded down $0.85 during mid-day trading on Monday, hitting $107.48. The company’s stock had a trading volume of 754,516 shares, compared to its average volume of 4,134,752. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average is $106.68 and its 200-day moving average is $112.08. EOG Resources has a 52-week low of $101.59 and a 52-week high of $135.87. The firm has a market capitalization of $58.32 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 9.00 and a beta of 0.49.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.89 earnings per share. On average, equities research analysts forecast that EOG Resources will post 11.47 EPS for the current fiscal year.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief operating officer owned 54,979 shares in the company, valued at $5,810,180.72. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

A number of large investors have recently bought and sold shares of EOG. Cullen Capital Management LLC grew its position in shares of EOG Resources by 4.7% during the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after buying an additional 25,753 shares during the period. Kiker Wealth Management LLC bought a new stake in shares of EOG Resources during the second quarter worth $627,000. Railway Pension Investments Ltd lifted its holdings in shares of EOG Resources by 6.9% in the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after purchasing an additional 28,800 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in EOG Resources by 9.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock valued at $7,386,000 after buying an additional 5,156 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in EOG Resources by 11.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 172,617 shares of the energy exploration company’s stock valued at $19,354,000 after acquiring an additional 17,195 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.