EOG Resources Inc. (NYSE:EOG) had its price objective trimmed by Citigroup Inc. from $104.00 to $98.00 in a report released on Thursday morning. The brokerage currently has a buy rating on the energy exploration company’s stock.
Several other brokerages also recently weighed in on EOG. Bank of America Corp. set a $100.00 price target on EOG Resources and gave the company a hold rating in a report on Friday, August 5th. Barclays PLC raised their price target on EOG Resources from $83.00 to $84.00 and gave the company an overweight rating in a report on Thursday, July 14th. Credit Suisse Group AG restated a hold rating and set a $90.00 price target on shares of EOG Resources in a report on Tuesday, August 9th. Zacks Investment Research upgraded EOG Resources from a hold rating to a buy rating and set a $91.00 price target for the company in a report on Monday, July 25th. Finally, Deutsche Bank AG upgraded EOG Resources from a hold rating to a buy rating and raised their price target for the company from $83.00 to $96.00 in a report on Friday, August 5th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. EOG Resources currently has a consensus rating of Hold and a consensus target price of $91.96.
Shares of EOG Resources (NYSE:EOG) opened at 88.56 on Thursday. EOG Resources has a 12-month low of $57.15 and a 12-month high of $95.93. The firm’s 50-day moving average is $90.90 and its 200 day moving average is $82.85. The stock’s market capitalization is $48.76 billion.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.10. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The firm earned $1.78 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the company earned $0.28 earnings per share. The company’s revenue was down 28.1% on a year-over-year basis. On average, equities research analysts forecast that EOG Resources will post ($1.67) EPS for the current fiscal year.
In related news, VP Ann D. Janssen sold 1,310 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $94.13, for a total value of $123,310.30. Following the transaction, the vice president now directly owns 54,073 shares of the company’s stock, valued at approximately $5,089,891.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William R. Thomas sold 16,581 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $92.86, for a total value of $1,539,711.66. Following the completion of the transaction, the chief executive officer now directly owns 502,766 shares in the company, valued at $46,686,850.76. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its position in EOG Resources by 6.8% in the second quarter. Macquarie Group Ltd. now owns 247,483 shares of the energy exploration company’s stock worth $20,646,000 after buying an additional 15,661 shares in the last quarter. Carnick & Kubik Group LLC acquired a new position in EOG Resources during the second quarter worth approximately $902,000. Williams Jones & Associates LLC boosted its position in EOG Resources by 4.3% in the second quarter. Williams Jones & Associates LLC now owns 454,336 shares of the energy exploration company’s stock worth $37,901,000 after buying an additional 18,876 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in EOG Resources during the second quarter worth approximately $1,854,000. Finally, Kentucky Retirement Systems acquired a new position in EOG Resources during the second quarter worth approximately $3,904,000. 89.44% of the stock is currently owned by institutional investors.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.