EOG Resources Inc (NYSE:EOG) Receives Consensus Rating of “Buy” from Analysts

Shares of EOG Resources Inc (NYSE:EOG) have received an average recommendation of “Buy” from the twenty-six analysts that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $108.00.

A number of brokerages recently issued reports on EOG. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Raymond James lowered their price target on shares of EOG Resources from $105.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Morgan Stanley lowered their price target on shares of EOG Resources from $97.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, October 4th. Citigroup lowered their price target on shares of EOG Resources from $116.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, TheStreet downgraded shares of EOG Resources from a “b-” rating to a “c” rating in a report on Thursday, August 15th.

Shares of NYSE EOG opened at $71.97 on Friday. The company’s fifty day moving average price is $73.94 and its 200 day moving average price is $84.57. EOG Resources has a 1 year low of $64.33 and a 1 year high of $110.20. The company has a market capitalization of $41.62 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02.

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 Zacks’ consensus estimate of $1.33 by ($0.02). EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The firm had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same period last year, the company posted $1.37 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts expect that EOG Resources will post 4.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Wednesday, October 16th. EOG Resources’s dividend payout ratio is presently 20.76%.

A number of large investors have recently bought and sold shares of the business. Nuveen Asset Management LLC raised its position in shares of EOG Resources by 32,106.0% in the second quarter. Nuveen Asset Management LLC now owns 8,219,605 shares of the energy exploration company’s stock valued at $765,738,000 after buying an additional 8,194,083 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of EOG Resources by 100.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock valued at $1,141,521,000 after buying an additional 6,128,570 shares during the last quarter. BlackRock Inc. raised its position in shares of EOG Resources by 3.5% in the second quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock valued at $3,326,986,000 after buying an additional 1,201,811 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of EOG Resources by 60.9% in the second quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock valued at $254,785,000 after buying an additional 1,035,252 shares during the last quarter. Finally, Balyasny Asset Management LLC raised its position in shares of EOG Resources by 1,149.6% in the second quarter. Balyasny Asset Management LLC now owns 875,021 shares of the energy exploration company’s stock valued at $81,517,000 after buying an additional 804,996 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

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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