EOG Resources Inc. (NYSE:EOG) received a $108.00 target price from FBR & Co in a research report issued to clients and investors on Monday. The brokerage presently has a a “buy” rating on the energy exploration company’s stock. FBR & Co’s price target indicates a potential upside of 19.47% from the company’s current price.
EOG has been the topic of a number of other research reports. Jefferies Group reaffirmed a “hold” rating on shares of EOG Resources in a research report on Thursday, August 4th. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Wunderlich raised shares of EOG Resources from a “hold” rating to a “buy” rating and increased their price target for the stock from $79.00 to $104.00 in a research report on Monday, August 8th. Credit Agricole SA assumed coverage on shares of EOG Resources in a research report on Wednesday, June 22nd. They set an “underperform” rating on the stock. Finally, Tudor Pickering cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $91.96.
Shares of EOG Resources (NYSE:EOG) opened at 90.40 on Monday. The company has a 50-day moving average of $90.15 and a 200-day moving average of $82.21. The firm’s market capitalization is $49.78 billion. EOG Resources has a 1-year low of $57.15 and a 1-year high of $95.93.
EOG Resources (NYSE:EOG) last posted its earnings results on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.10. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. EOG Resources’s revenue for the quarter was down 28.1% compared to the same quarter last year. Equities research analysts predict that EOG Resources will post ($1.67) EPS for the current fiscal year.
In other news, Director Frank G. Wisner sold 2,026 shares of EOG Resources stock in a transaction on Monday, September 12th. The stock was sold at an average price of $92.65, for a total transaction of $187,708.90. Following the completion of the transaction, the director now owns 113,125 shares of the company’s stock, valued at approximately $10,481,031.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lloyd W. Helms, Jr. sold 4,875 shares of EOG Resources stock in a transaction on Friday, July 8th. The stock was sold at an average price of $81.82, for a total value of $398,872.50. Following the transaction, the executive vice president now directly owns 59,032 shares of the company’s stock, valued at approximately $4,829,998.24. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shell Asset Management Co. increased its position in EOG Resources by 23.3% in the second quarter. Shell Asset Management Co. now owns 121,069 shares of the energy exploration company’s stock valued at $10,100,000 after buying an additional 22,916 shares during the period. Alexandria Capital LLC increased its position in EOG Resources by 3.0% in the second quarter. Alexandria Capital LLC now owns 70,062 shares of the energy exploration company’s stock valued at $5,844,000 after buying an additional 2,070 shares during the period. Culbertson A N & Co. Inc. purchased a new position in EOG Resources during the first quarter valued at about $2,066,000. Loomis Sayles & Co. L P increased its position in EOG Resources by 229,840.4% in the first quarter. Loomis Sayles & Co. L P now owns 119,569 shares of the energy exploration company’s stock valued at $8,678,000 after buying an additional 119,517 shares during the period. Finally, CenturyLink Investment Management Co purchased a new position in EOG Resources during the second quarter valued at about $2,011,000. 89.43% of the stock is owned by institutional investors and hedge funds.
About EOG Resources
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.
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