EOG Resources (NYSE:EOG) received a $126.00 price objective from investment analysts at Credit Suisse Group in a research note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the energy exploration company’s stock. Credit Suisse Group’s price target indicates a potential upside of 6.79% from the company’s current price.
A number of other research analysts have also recently weighed in on EOG. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Imperial Capital reaffirmed an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of EOG Resources in a research report on Monday, January 8th. Cowen set a $115.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Thursday, January 18th. Bank of America cut shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Finally, BMO Capital Markets set a $105.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. EOG Resources has a consensus rating of “Buy” and a consensus price target of $115.32.
Shares of EOG Resources (NYSE EOG) traded up $1.17 during mid-day trading on Tuesday, reaching $117.99. 466,807 shares of the company’s stock were exchanged, compared to its average volume of 2,580,000. The firm has a market capitalization of $68,200.00, a PE ratio of 11,799.00, a price-to-earnings-growth ratio of 4.62 and a beta of 0.98. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. EOG Resources has a 1 year low of $81.99 and a 1 year high of $118.60.
In other news, President Gary L. Thomas sold 40,000 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the transaction, the president now directly owns 1,006,461 shares of the company’s stock, valued at $113,669,705.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 15,322 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the completion of the sale, the executive vice president now directly owns 59,917 shares in the company, valued at $6,846,116.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,048 shares of company stock worth $8,152,193. Corporate insiders own 0.53% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Baker Ellis Asset Management LLC acquired a new stake in EOG Resources in the third quarter valued at $101,000. Chicago Partners Investment Group LLC raised its holdings in EOG Resources by 178.0% in the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after acquiring an additional 712 shares in the last quarter. Fis Group Inc. acquired a new stake in EOG Resources in the third quarter valued at $130,000. Quantbot Technologies LP acquired a new stake in EOG Resources in the third quarter valued at $153,000. Finally, Zions Bancorporation raised its holdings in EOG Resources by 5,268.6% in the third quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock valued at $182,000 after acquiring an additional 1,844 shares in the last quarter. 85.31% of the stock is currently owned by hedge funds and other institutional investors.
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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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