EOG Resources (NYSE:EOG) Sets New 1-Year Low at $64.33

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EOG Resources Inc (NYSE:EOG) shares hit a new 52-week low on Monday . The company traded as low as $64.33 and last traded at $64.71, with a volume of 3729 shares changing hands. The stock had previously closed at $64.44.

Several equities research analysts have recently commented on EOG shares. Piper Jaffray Companies set a $111.00 price target on shares of EOG Resources and gave the company a “buy” rating in a report on Friday, August 16th. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Oppenheimer reduced their price target on shares of EOG Resources from $111.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. Morgan Stanley reduced their price target on shares of EOG Resources from $97.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, October 4th. Finally, Wells Fargo & Co boosted their price target on shares of EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $110.38.

The business’s 50-day moving average price is $74.02 and its 200-day moving average price is $84.81. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The stock has a market cap of $37.42 billion, a PE ratio of 12.56, a P/E/G ratio of 1.50 and a beta of 1.34.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.02). EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The firm had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same period in the previous year, the firm earned $1.37 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, analysts predict that EOG Resources Inc will post 4.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Wednesday, October 16th. EOG Resources’s payout ratio is currently 20.76%.

Several institutional investors have recently modified their holdings of EOG. Nuveen Asset Management LLC grew its position in shares of EOG Resources by 32,106.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,219,605 shares of the energy exploration company’s stock worth $765,738,000 after buying an additional 8,194,083 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in EOG Resources by 100.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock worth $1,141,521,000 after purchasing an additional 6,128,570 shares during the last quarter. BlackRock Inc. grew its position in EOG Resources by 3.5% during the 2nd quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock worth $3,326,986,000 after purchasing an additional 1,201,811 shares during the last quarter. Janus Henderson Group PLC grew its position in EOG Resources by 60.9% during the 2nd quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock worth $254,785,000 after purchasing an additional 1,035,252 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its position in EOG Resources by 1,149.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 875,021 shares of the energy exploration company’s stock worth $81,517,000 after purchasing an additional 804,996 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Company Profile (NYSE:EOG)

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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