Stifel Nicolaus Trims EOG Resources (NYSE:EOG) Target Price to $150.00

EOG Resources (NYSE:EOG) had its price target decreased by investment analysts at Stifel Nicolaus from $153.00 to $150.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the energy exploration company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 10.62% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. raised their target price on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Susquehanna raised their price objective on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday. TD Securities lowered their price objective on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Raymond James lowered 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. Finally, Morgan Stanley raised their price objective on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $142.19.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $135.60 on Tuesday. The company has a market cap of $78.00 billion, a P/E ratio of 10.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. EOG Resources has a one year low of $106.32 and a one year high of $139.67. The business’s 50-day simple moving average is $124.83 and its 200 day simple moving average is $122.36.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.30 earnings per share. On average, sell-side analysts forecast that EOG Resources will post 12.15 earnings per share for the current fiscal year.

Institutional Trading of EOG Resources

Hedge funds have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. bought a new stake in shares of EOG Resources in the 3rd quarter worth approximately $4,431,000. TIAA Trust National Association lifted its holdings in shares of EOG Resources by 639.3% in the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after purchasing an additional 49,840 shares during the last quarter. AIA Group Ltd lifted its holdings in shares of EOG Resources by 128.0% in the 4th quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock worth $1,234,000 after purchasing an additional 5,728 shares during the last quarter. L. Roy Papp & Associates LLP lifted its holdings in shares of EOG Resources by 18.3% in the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after purchasing an additional 26,026 shares during the last quarter. Finally, NewEdge Wealth LLC lifted its holdings in shares of EOG Resources by 9.3% in the 4th quarter. NewEdge Wealth LLC now owns 115,960 shares of the energy exploration company’s stock worth $14,025,000 after purchasing an additional 9,837 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

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.