EOG Resources’ (EOG) Neutral Rating Reiterated at MKM Partners

MKM Partners reaffirmed their neutral rating on shares of EOG Resources (NYSE:EOG) in a research report released on Tuesday, BenzingaRatingsTable reports. They currently have a $109.00 price target on the energy exploration company’s stock.

EOG has been the topic of several other reports. Guggenheim reissued a buy rating and set a $126.00 target price on shares of EOG Resources in a research note on Friday, February 22nd. ValuEngine raised EOG Resources from a sell rating to a hold rating in a research note on Thursday, January 10th. Bank of America cut EOG Resources from a buy rating to a neutral rating and set a $115.00 target price on the stock. in a research note on Friday, January 4th. SunTrust Banks initiated coverage on EOG Resources in a research note on Monday, December 17th. They set a buy rating and a $130.00 target price on the stock. Finally, Piper Jaffray Companies reissued a buy rating and set a $106.00 target price on shares of EOG Resources in a research note on Wednesday, January 9th. Ten analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. EOG Resources presently has an average rating of Buy and a consensus price target of $123.00.

Shares of NYSE EOG opened at $102.35 on Tuesday. EOG Resources has a 12 month low of $82.04 and a 12 month high of $133.53. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 0.27. The stock has a market cap of $59.24 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.41 and a beta of 1.26.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, February 26th. The energy exploration company reported $1.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.10). EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 36.9% compared to the same quarter last year. Sell-side analysts anticipate that EOG Resources will post 4.94 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. EOG Resources’s dividend payout ratio is currently 15.88%.

In other news, Director Frank G. Wisner sold 1,296 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total value of $113,114.88. Following the sale, the director now directly owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pennsylvania Trust Co lifted its holdings in shares of EOG Resources by 209.7% during the first quarter. Pennsylvania Trust Co now owns 34,692 shares of the energy exploration company’s stock valued at $3,501,000 after purchasing an additional 23,490 shares in the last quarter. Autus Asset Management LLC lifted its holdings in shares of EOG Resources by 65.4% during the first quarter. Autus Asset Management LLC now owns 11,000 shares of the energy exploration company’s stock valued at $1,047,000 after purchasing an additional 4,350 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of EOG Resources by 23.6% during the first quarter. Flagship Harbor Advisors LLC now owns 2,095 shares of the energy exploration company’s stock valued at $199,000 after purchasing an additional 400 shares in the last quarter. Jag Capital Management LLC lifted its holdings in shares of EOG Resources by 1.0% during the first quarter. Jag Capital Management LLC now owns 21,464 shares of the energy exploration company’s stock valued at $2,043,000 after purchasing an additional 223 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of EOG Resources by 11.5% during the first quarter. Raymond James Trust N.A. now owns 6,765 shares of the energy exploration company’s stock valued at $644,000 after purchasing an additional 698 shares in the last quarter. 87.89% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Analyst Recommendations for EOG Resources (NYSE:EOG)

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