EOG Resources (NYSE:EOG) Price Target Increased to $94.00 by Analysts at KeyCorp

EOG Resources (NYSE:EOG) had its price objective upped by KeyCorp from $92.00 to $94.00 in a report published on Thursday morning, Price Targets.com reports. They currently have an overweight rating on the energy exploration company’s stock.

Several other brokerages have also recently issued reports on EOG. Bank of America restated a neutral rating on shares of EOG Resources in a research note on Monday, March 22nd. TD Securities upped their price objective on EOG Resources from $65.00 to $83.00 and gave the company a buy rating in a research note on Friday, February 26th. The Goldman Sachs Group restated a neutral rating and set a $80.00 price objective (down previously from $85.00) on shares of EOG Resources in a research note on Monday, April 26th. Johnson Rice cut EOG Resources from an accumulate rating to a hold rating and increased their price target for the stock from $88.00 to $105.00 in a research report on Tuesday. Finally, US Capital Advisors cut EOG Resources from a buy rating to a hold rating in a research report on Friday, March 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $76.16.

NYSE:EOG opened at $86.17 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.70 and a current ratio of 1.87. EOG Resources has a one year low of $31.22 and a one year high of $87.99. The stock has a 50-day simple moving average of $77.68. The firm has a market capitalization of $50.29 billion, a PE ratio of 861.79, a price-to-earnings-growth ratio of 4.94 and a beta of 2.16.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 6th. The energy exploration company reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.18. EOG Resources had a return on equity of 7.24% and a net margin of 0.63%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. EOG Resources’s revenue for the quarter was down 21.7% compared to the same quarter last year. As a group, equities research analysts expect that EOG Resources will post 5.87 EPS for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Friday, July 30th. Shareholders of record on Friday, July 16th will be paid a dividend of $1.00 per share. This represents a yield of 2%. The ex-dividend date is Thursday, July 15th. EOG Resources’s payout ratio is currently 113.01%.

In other EOG Resources news, EVP Kenneth W. Boedeker sold 8,711 shares of the stock in a transaction on Tuesday, June 1st. The stock was sold at an average price of $85.00, for a total transaction of $740,435.00. Following the completion of the transaction, the executive vice president now directly owns 18,385 shares of the company’s stock, valued at approximately $1,562,725. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CVA Family Office LLC boosted its stake in EOG Resources by 16.7% during the 1st quarter. CVA Family Office LLC now owns 1,050 shares of the energy exploration company’s stock valued at $76,000 after purchasing an additional 150 shares in the last quarter. JJJ Advisors Inc. boosted its stake in shares of EOG Resources by 49.1% during the 1st quarter. JJJ Advisors Inc. now owns 483 shares of the energy exploration company’s stock worth $35,000 after acquiring an additional 159 shares in the last quarter. Prudent Man Advisors LLC boosted its stake in shares of EOG Resources by 4.5% during the 1st quarter. Prudent Man Advisors LLC now owns 4,221 shares of the energy exploration company’s stock worth $306,000 after acquiring an additional 183 shares in the last quarter. Ferris Capital LLC boosted its stake in shares of EOG Resources by 1.9% during the 4th quarter. Ferris Capital LLC now owns 10,769 shares of the energy exploration company’s stock worth $537,000 after acquiring an additional 196 shares in the last quarter. Finally, S.A. Mason LLC boosted its stake in shares of EOG Resources by 6.5% during the 1st quarter. S.A. Mason LLC now owns 3,300 shares of the energy exploration company’s stock worth $239,000 after acquiring an additional 200 shares in the last quarter. 89.02% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; the Republic of Trinidad and Tobago; the People's Republic of China; and the Sultanate of Oman.

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Analyst Recommendations for EOG Resources (NYSE:EOG)

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