EOG Resources, Inc. (NYSE:EOG) Receives $155.57 Average PT from Brokerages

Shares of EOG Resources, Inc. (NYSE:EOG) have been given an average recommendation of “Hold” by the thirty-one research firms that are currently covering the stock, Marketbeat reports. Seventeen research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $156.3214.

Several equities analysts have recently issued reports on EOG shares. Wells Fargo & Company set a $196.00 price target on shares of EOG Resources and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Scotiabank increased their price objective on EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Weiss Ratings upgraded EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Mizuho set a $157.00 target price on EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st.

EOG Resources Stock Performance

EOG Resources stock opened at $142.05 on Tuesday. The business has a 50 day moving average of $137.34 and a 200-day moving average of $132.81. The company has a market capitalization of $74.51 billion, a P/E ratio of 11.05 and a beta of 0.25. EOG Resources has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period last year, the company earned $2.32 EPS. The firm’s revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts predict that EOG Resources will post 16.53 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

Institutional Trading of EOG Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOG. Vise Technologies Inc. lifted its position in shares of EOG Resources by 172.2% in the 2nd quarter. Vise Technologies Inc. now owns 38,901 shares of the energy exploration company’s stock worth $5,047,000 after purchasing an additional 24,612 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of EOG Resources by 5,084.3% during the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 272,644 shares of the energy exploration company’s stock worth $35,370,000 after buying an additional 267,385 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of EOG Resources during the second quarter worth $719,000. Csenge Advisory Group increased its position in shares of EOG Resources by 3.6% during the second quarter. Csenge Advisory Group now owns 5,374 shares of the energy exploration company’s stock worth $697,000 after buying an additional 186 shares during the period. Finally, Bradley & Co. Private Wealth Management LLC bought a new position in EOG Resources during the second quarter worth $59,000. 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.