Barclays Has Lowered Expectations for EOG Resources (NYSE:EOG) Stock Price

EOG Resources (NYSE:EOG) had its price target dropped by stock analysts at Barclays from $136.00 to $133.00 in a research note issued on Wednesday, MarketBeat reports. The firm presently has an “equal weight” rating on the energy exploration company’s stock. Barclays‘s target price indicates a potential upside of 22.66% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. UBS Group reissued a “buy” rating and issued a $141.00 price target (down from $144.00) on shares of EOG Resources in a report on Friday, December 12th. Roth Capital reissued a “neutral” rating on shares of EOG Resources in a research report on Monday, December 15th. BMO Capital Markets cut their price target on EOG Resources from $126.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, January 12th. The Goldman Sachs Group decreased their price objective on EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $136.89.

EOG Resources Stock Performance

Shares of EOG Resources stock traded up $2.22 on Wednesday, reaching $108.43. The stock had a trading volume of 510,880 shares, compared to its average volume of 3,846,582. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The business’s 50-day moving average price is $106.79 and its two-hundred day moving average price is $112.38. The stock has a market cap of $58.83 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 8.50 and a beta of 0.49. EOG Resources has a fifty-two week low of $101.59 and a fifty-two week high of $136.20.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. EOG Resources’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $2.89 EPS. On average, sell-side analysts forecast that EOG Resources will post 11.47 EPS for the current year.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. This trade represents a 3.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. ORG Partners LLC increased its stake in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after acquiring an additional 88 shares during the last quarter. Ameriflex Group Inc. increased its stake in EOG Resources by 31.6% in the second quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock valued at $46,000 after purchasing an additional 91 shares in the last quarter. Hemington Wealth Management increased its stake in EOG Resources by 7.2% in the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after purchasing an additional 93 shares in the last quarter. Bollard Group LLC raised its holdings in EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after purchasing an additional 93 shares during the period. Finally, apricus wealth LLC boosted its position in shares of EOG Resources by 5.0% during the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock worth $224,000 after purchasing an additional 95 shares in the last quarter. 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.