EOG Resources, Inc. (NYSE:EOG) Stock Has Consensus Price Target of $158.11

Shares of EOG Resources, Inc. (NYSE:EOG – Get Free Report) have been given a consensus recommendation of “Hold” by the thirty brokerages that are covering the company, Marketbeat reports. Eighteen research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $158.11.

A number of research analysts recently issued reports on EOG shares. Morgan Stanley set a $157.00 price objective on shares of EOG Resources and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Weiss Ratings raised shares of EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. Wells Fargo & Company restated an “overweight” rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $175.00 price target (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Finally, Freedom Capital lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th.

Read Our Latest Stock Report on EOG

Insider Activity

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of EOG Resources stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Donaldson sold 7,336 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the sale, the executive vice president owned 100,558 shares in the company, valued at $14,882,584. This trade represents a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is currently owned by insiders.

Institutional Trading of EOG Resources

Institutional investors have recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. boosted its stake in EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth approximately $30,000. Financial Life Planners purchased a new stake in shares of EOG Resources in the first quarter worth approximately $30,000. Wedbush Fund Advisers LLC bought a new position in shares of EOG Resources in the second quarter valued at approximately $31,000. Finally, Global Assets Advisory LLC purchased a new position in shares of EOG Resources during the first quarter valued at approximately $37,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

Shares of EOG opened at $140.26 on Wednesday. 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 stock has a market cap of $73.57 billion, a PE ratio of 10.92, a PEG ratio of 0.53 and a beta of 0.26. EOG Resources has a 12-month low of $101.59 and a 12-month high of $154.16. The business has a 50-day simple moving average of $144.71 and a two-hundred day simple moving average of $139.37.

EOG Resources (NYSE:EOG – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period last year, the firm posted $2.32 earnings per share. Analysts anticipate that EOG Resources will post 16.85 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

EOG Resources Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for EOG Resources (NYSE:EOG)

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