EOG Resources (NYSE:EOG) had its price objective hoisted by investment analysts at KeyCorp from $105.00 to $110.00 in a report released on Monday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the energy exploration company’s stock. KeyCorp’s price target suggests a potential upside of 3.19% from the company’s current price. KeyCorp also issued estimates for EOG Resources’ Q2 2019 earnings at $1.46 EPS and Q3 2019 earnings at $1.48 EPS.
Other research analysts have also recently issued reports about the company. Tudor Pickering upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Citigroup initiated coverage on EOG Resources in a research note on Tuesday, April 9th. They set a “buy” rating on the stock. Guggenheim reiterated a “buy” rating and issued a $126.00 price objective on shares of EOG Resources in a research note on Friday, February 22nd. Robert W. Baird reiterated a “buy” rating and issued a $126.00 price objective on shares of EOG Resources in a research note on Wednesday, February 27th. Finally, ValuEngine cut EOG Resources from a “hold” rating to a “sell” rating in a research note on Saturday, February 23rd. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $122.46.
NYSE:EOG opened at $106.60 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.36. EOG Resources has a 52 week low of $82.04 and a 52 week high of $133.53. The firm has a market cap of $62.11 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.45 and a beta of 1.26.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.10). EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. As a group, analysts anticipate that EOG Resources will post 4.94 EPS for the current fiscal year.
In related news, Director Frank G. Wisner sold 1,296 shares of the 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 $10,478,138.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Valeo Financial Advisors LLC grew its holdings in shares of EOG Resources by 76.4% during the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 113 shares during the last quarter. Guidant Wealth Advisors grew its holdings in shares of EOG Resources by 50.5% during the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after purchasing an additional 101 shares during the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of EOG Resources by 41.2% during the third quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock worth $63,000 after purchasing an additional 143 shares during the last quarter. Quad Cities Investment Group LLC purchased a new position in shares of EOG Resources during the first quarter worth about $48,000. Finally, Athena Capital Advisors LLC purchased a new position in shares of EOG Resources during the fourth quarter worth about $46,000. 87.89% of the stock is currently owned by institutional investors.
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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