EOG Resources (NYSE:EOG) PT Lowered to $116.00 at Citigroup

EOG Resources (NYSE:EOG) had its target price lowered by Citigroup from $120.00 to $116.00 in a report published on Tuesday, BenzingaRatingsTable reports. The firm currently has a buy rating on the energy exploration company’s stock.

Several other brokerages also recently issued reports on EOG. Susquehanna Bancshares upgraded EOG Resources from a neutral rating to a positive rating and increased their price target for the company from $107.00 to $115.00 in a report on Monday, May 6th. JPMorgan Chase & Co. lowered their price target on EOG Resources from $115.00 to $109.00 and set an overweight rating for the company in a report on Friday, June 28th. Wells Fargo & Co upped their price objective on shares of EOG Resources from $101.00 to $103.00 and gave the company an outperform rating in a research report on Monday. Zacks Investment Research raised shares of EOG Resources from a hold rating to a buy rating and set a $103.00 price objective for the company in a research report on Thursday, May 9th. Finally, Morgan Stanley decreased their price objective on shares of EOG Resources from $101.00 to $97.00 and set an equal weight rating for the company in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $116.36.

Shares of NYSE EOG opened at $75.57 on Tuesday. EOG Resources has a 12-month low of $73.95 and a 12-month high of $133.53. The company has a market cap of $45.59 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.72 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $85.56 and a 200 day moving average price of $91.58.



EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.02). EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The company had revenue of $4.70 billion during the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, sell-side analysts forecast that EOG Resources will post 5.24 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Guidant Wealth Advisors lifted its holdings in EOG Resources by 50.5% in the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after acquiring an additional 101 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of EOG Resources by 76.4% in the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 113 shares during the period. Icon Wealth Partners LLC increased its stake in shares of EOG Resources by 9.7% in the first quarter. Icon Wealth Partners LLC now owns 1,288 shares of the energy exploration company’s stock valued at $123,000 after purchasing an additional 114 shares during the period. Advisory Services Network LLC increased its stake in shares of EOG Resources by 0.8% in the first quarter. Advisory Services Network LLC now owns 16,930 shares of the energy exploration company’s stock valued at $1,611,000 after purchasing an additional 137 shares during the period. Finally, Hotaling Investment Management LLC increased its stake in shares of EOG Resources by 1.2% in the second quarter. Hotaling Investment Management LLC now owns 12,066 shares of the energy exploration company’s stock valued at $1,124,000 after purchasing an additional 139 shares during the period. 87.01% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Article: Understanding Market Liquidity

Analyst Recommendations for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.