EOG Resources, Inc. (NYSE:EOG) has been given a $107.00 price objective by equities researchers at Royal Bank Of Canada in a research note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the energy exploration company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 10.56% from the stock’s previous close.
A number of other equities research analysts have also weighed in on EOG. Barclays PLC reaffirmed an “overweight” rating and set a $101.00 price target (up from $94.00) on shares of EOG Resources in a report on Wednesday, August 9th. Scotiabank reaffirmed a “hold” rating and set a $100.00 price target on shares of EOG Resources in a report on Thursday, August 3rd. BidaskClub raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Stifel Nicolaus set a $106.00 price target on shares of EOG Resources and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 price target on shares of EOG Resources in a report on Tuesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $107.88.
EOG Resources (EOG) opened at 96.78 on Tuesday. EOG Resources has a 52 week low of $81.99 and a 52 week high of $109.37. The firm’s market cap is $55.89 billion. The company’s 50 day moving average is $91.14 and its 200-day moving average is $91.64.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. EOG Resources’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.38) earnings per share. Equities analysts expect that EOG Resources will post $0.61 earnings per share for the current year.
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In other news, Director Charles R. Crisp sold 3,411 shares of EOG Resources stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total value of $330,969.33. Following the transaction, the director now owns 53,196 shares of the company’s stock, valued at approximately $5,161,607.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of EOG Resources stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $97.50, for a total transaction of $601,282.50. Following the completion of the transaction, the executive vice president now directly owns 74,316 shares in the company, 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 worth $3,700,882 over the last 90 days. 0.53% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in EOG. Waldron LP grew its stake in shares of EOG Resources by 81.7% in the 1st quarter. Waldron LP now owns 4,522 shares of the energy exploration company’s stock worth $431,000 after purchasing an additional 2,033 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of EOG Resources in the 1st quarter worth approximately $1,022,000. Neville Rodie & Shaw Inc. grew its stake in shares of EOG Resources by 10.7% in the 1st quarter. Neville Rodie & Shaw Inc. now owns 9,361 shares of the energy exploration company’s stock worth $914,000 after purchasing an additional 905 shares during the last quarter. Airain ltd grew its stake in shares of EOG Resources by 86.7% in the 1st quarter. Airain ltd now owns 115,956 shares of the energy exploration company’s stock worth $11,312,000 after purchasing an additional 53,856 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its stake in shares of EOG Resources by 76.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 116,602 shares of the energy exploration company’s stock worth $11,375,000 after purchasing an additional 50,409 shares during the last quarter. 85.37% of the stock is currently owned by 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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