EOG Resources (NYSE:EOG) Reaches New 52-Week Low at $64.33

EOG Resources Inc (NYSE:EOG)’s share price reached a new 52-week low on Monday . The stock traded as low as $64.33 and last traded at $64.71, with a volume of 3729 shares traded. The stock had previously closed at $64.44.

EOG has been the subject of several recent research reports. TheStreet downgraded shares of EOG Resources from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. Piper Jaffray Companies set a $111.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Friday, August 16th. SunTrust Banks downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday. 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 note on Monday, August 12th. Finally, Morgan Stanley lowered their price objective on shares of EOG Resources from $97.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $110.38.

The company has a market capitalization of $37.42 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.50 and a beta of 1.34. The stock’s 50 day moving average is $74.02 and its 200-day moving average is $84.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.83.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.02). The company had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.41 billion. EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. EOG Resources’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 earnings per share. On average, equities research analysts anticipate that EOG Resources Inc will post 4.82 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 20.76%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Knuff & Co LLC purchased a new stake in EOG Resources in the second quarter worth about $28,000. Truvestments Capital LLC purchased a new stake in shares of EOG Resources during the second quarter valued at approximately $33,000. Tortoise Investment Management LLC purchased a new stake in shares of EOG Resources during the second quarter valued at approximately $34,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of EOG Resources during the second quarter valued at approximately $37,000. Finally, Coastal Investment Advisors Inc. grew its holdings in shares of EOG Resources by 147.1% during the third quarter. Coastal Investment Advisors Inc. now owns 504 shares of the energy exploration company’s stock valued at $37,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

About EOG Resources (NYSE:EOG)

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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