EOG Resources (NYSE:EOG) Coverage Initiated by Analysts at Stifel Nicolaus

Research analysts at Stifel Nicolaus started coverage on shares of EOG Resources (NYSE:EOG) in a note issued to investors on Thursday. The brokerage set a “hold” rating and a $158.00 price target on the energy exploration company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 7.91% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Mizuho set a $157.00 target price on EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Citigroup reaffirmed a “neutral” rating and set a $150.00 price objective (up from $141.00) on shares of EOG Resources in a research note on Thursday, August 27th. Sanford C. Bernstein reduced their target price on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Finally, Wall Street Zen downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus price target of $157.07.

EOG Resources Stock Down 0.4%

EOG traded down $0.59 on Thursday, reaching $146.41. The company’s stock had a trading volume of 163,587 shares, compared to its average volume of 4,153,918. The stock has a 50 day moving average of $142.43 and a two-hundred day moving average of $137.86. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $76.80 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 0.54 and a beta of 0.26. EOG Resources has a fifty-two week low of $101.59 and a fifty-two week high of $153.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter last year, the company earned $2.32 earnings per share. As a group, analysts forecast that EOG Resources will post 16.89 EPS for the current fiscal year.

Insider Activity

In related news, CEO Ezra Yacob sold 35,942 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the sale, the chief executive officer owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This trade represents a 12.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sivia Capital Partners LLC bought a new stake in EOG Resources in the second quarter worth about $258,000. Quantbot Technologies LP acquired a new stake in EOG Resources in the 2nd quarter valued at about $349,000. Gamco Investors INC. ET AL boosted its position in shares of EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after purchasing an additional 4,485 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after purchasing an additional 444 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after purchasing an additional 15,250 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.