EOG Resources (NYSE:EOG) PT Raised to $140.00

EOG Resources (NYSE:EOG) had its price objective lifted by Mizuho from $138.00 to $140.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the energy exploration company’s stock. Mizuho’s price objective would indicate a potential upside of 3.48% from the company’s current price.

Several other analysts also recently commented on EOG. Morgan Stanley raised their price objective on shares of EOG Resources from $131.00 to $132.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Raymond James dropped their price objective on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Truist Financial decreased their target price on EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Stifel Nicolaus dropped their price target on EOG Resources from $163.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Finally, Scotiabank cut shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their price objective for the company from $135.00 to $155.00 in a research report on Thursday. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $140.86.

EOG Resources Stock Performance

Shares of EOG opened at $135.29 on Monday. The business has a 50-day simple moving average of $121.36 and a two-hundred day simple moving average of $121.78. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources has a 52 week low of $106.32 and a 52 week high of $139.67. The stock has a market cap of $77.82 billion, a price-to-earnings ratio of 10.40 and a beta of 1.40.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter last year, the firm posted $3.30 earnings per share. The company’s revenue was down 5.4% compared to the same quarter last year. On average, analysts expect that EOG Resources will post 11.95 EPS for the current year.

Institutional Trading of EOG Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. Cetera Investment Advisers grew its stake in shares of EOG Resources by 16.0% during the first quarter. Cetera Investment Advisers now owns 16,031 shares of the energy exploration company’s stock valued at $1,911,000 after buying an additional 2,213 shares during the last quarter. Moors & Cabot Inc. purchased a new position in EOG Resources during the 1st quarter valued at $404,000. Sequoia Financial Advisors LLC purchased a new position in EOG Resources during the 1st quarter valued at $278,000. Zions Bancorporation N.A. grew its position in EOG Resources by 237.7% in the 1st quarter. Zions Bancorporation N.A. now owns 1,155 shares of the energy exploration company’s stock valued at $138,000 after acquiring an additional 813 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in EOG Resources by 23.7% in the first quarter. Brown Brothers Harriman & Co. now owns 662 shares of the energy exploration company’s stock worth $79,000 after purchasing an additional 127 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.