EOG Resources (NYSE:EOG) Price Target Cut to $90.00 by Analysts at Raymond James

EOG Resources (NYSE:EOG) had its target price decreased by Raymond James from $105.00 to $90.00 in a report issued on Thursday, BenzingaRatingsTable reports. The firm currently has an “outperform” rating on the energy exploration company’s stock. Raymond James’ price objective indicates a potential upside of 32.00% from the stock’s previous close.

A number of other research firms also recently weighed in on EOG. JPMorgan Chase & Co. decreased their price objective on EOG Resources from $109.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Piper Jaffray Companies set a $111.00 price objective on EOG Resources and gave the company a “buy” rating in a report on Friday, August 16th. Morgan Stanley decreased their price objective on EOG Resources from $97.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, October 4th. Guggenheim set a $108.00 price objective on EOG Resources and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, KeyCorp decreased their price objective on EOG Resources from $110.00 to $97.00 and set an “overweight” rating for the company in a report on Tuesday. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $110.38.

NYSE EOG opened at $68.18 on Thursday. The company has a market capitalization of $39.60 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.59 and a beta of 1.34. EOG Resources has a twelve month low of $66.01 and a twelve month high of $122.59. The stock has a fifty day simple moving average of $74.88 and a 200 day simple moving average of $85.68. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.20.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.02). The company had revenue of $4.70 billion during the quarter, compared to analyst estimates of $4.41 billion. EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 earnings per share. Research analysts expect that EOG Resources will post 4.94 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Hotaling Investment Management LLC boosted its position in shares of EOG Resources by 1.2% during the 2nd quarter. Hotaling Investment Management LLC now owns 12,066 shares of the energy exploration company’s stock worth $1,124,000 after purchasing an additional 139 shares in the last quarter. Foresters Asset Management Inc. boosted its position in shares of EOG Resources by 53.8% during the 2nd quarter. Foresters Asset Management Inc. now owns 400 shares of the energy exploration company’s stock worth $38,000 after purchasing an additional 140 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of EOG Resources by 7.3% during the 2nd quarter. Parallel Advisors LLC now owns 2,140 shares of the energy exploration company’s stock worth $199,000 after purchasing an additional 146 shares in the last quarter. Nicolet Bankshares Inc. boosted its position in shares of EOG Resources by 3.8% during the 2nd quarter. Nicolet Bankshares Inc. now owns 4,847 shares of the energy exploration company’s stock worth $452,000 after purchasing an additional 176 shares in the last quarter. Finally, United Bank boosted its position in shares of EOG Resources by 5.0% during the 1st quarter. United Bank now owns 3,713 shares of the energy exploration company’s stock worth $353,000 after purchasing an additional 177 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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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