Howard Weil Begins Coverage on EOG Resources (NYSE:EOG)

Howard Weil started coverage on shares of EOG Resources (NYSE:EOG) in a research report report published on Wednesday morning, Briefing.com Automated Import reports. The firm issued a sector perform rating on the energy exploration company’s stock.

EOG has been the topic of a number of other reports. Oppenheimer reduced their target price on shares of EOG Resources from $111.00 to $102.00 and set an outperform rating on the stock in a report on Thursday, August 22nd. KeyCorp reduced their target price on shares of EOG Resources from $110.00 to $97.00 and set an overweight rating on the stock in a report on Tuesday, October 15th. Wells Fargo & Co boosted their target price on shares of EOG Resources from $101.00 to $103.00 and gave the stock an outperform rating in a report on Monday, August 12th. JPMorgan Chase & Co. reduced their target price on shares of EOG Resources from $109.00 to $100.00 and set an overweight rating on the stock in a report on Thursday, August 29th. Finally, Piper Jaffray Companies set a $111.00 target price on shares of EOG Resources and gave the stock a buy rating in a report on Friday, August 16th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $105.62.

Shares of EOG Resources stock traded up $1.13 during trading hours on Wednesday, reaching $73.48. The company’s stock had a trading volume of 2,880,919 shares, compared to its average volume of 4,446,323. The firm has a 50 day moving average price of $71.07 and a 200-day moving average price of $81.43. EOG Resources has a one year low of $64.33 and a one year high of $108.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.90. The stock has a market cap of $42.09 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.62 and a beta of 1.34.

EOG Resources (NYSE:EOG) last posted its earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.13. EOG Resources had a net margin of 16.96% and a return on equity of 13.94%. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same period in the previous year, the firm posted $1.75 EPS. The business’s quarterly revenue was down 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources will post 4.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were issued a dividend of $0.2875 per share. The ex-dividend date was Wednesday, October 16th. This represents a $1.15 annualized dividend and a yield of 1.57%. EOG Resources’s payout ratio is 20.76%.

A number of large investors have recently modified their holdings of EOG. Nuveen Asset Management LLC grew its holdings in EOG Resources by 32,106.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 8,219,605 shares of the energy exploration company’s stock valued at $765,738,000 after purchasing an additional 8,194,083 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in EOG Resources by 100.1% during the 2nd 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 purchasing an additional 6,128,570 shares during the last quarter. BlackRock Inc. grew its holdings in EOG Resources by 3.5% during the 2nd quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock valued at $3,326,986,000 after purchasing an additional 1,201,811 shares during the last quarter. Janus Henderson Group PLC grew its holdings in EOG Resources by 60.9% during the 2nd quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock valued at $254,785,000 after purchasing an additional 1,035,252 shares during the last quarter. Finally, Findlay Park Partners LLP grew its holdings in EOG Resources by 23.3% during the 3rd quarter. Findlay Park Partners LLP now owns 4,311,240 shares of the energy exploration company’s stock valued at $319,980,000 after purchasing an additional 815,455 shares during the last quarter. Institutional investors own 86.36% of the company’s stock.

About EOG Resources

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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