Barclays Lowers EOG Resources (NYSE:EOG) Price Target to $137.00

EOG Resources (NYSE:EOG) had its target price dropped by investment analysts at Barclays from $144.00 to $137.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the energy exploration company’s stock. Barclays‘s price objective indicates a potential upside of 2.91% from the stock’s current price.

A number of other research firms have also recently weighed in on EOG. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Wells Fargo & Company cut their price target on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Evercore ISI cut their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $147.00 price target on shares of EOG Resources in a research note on Wednesday, July 10th. Finally, Piper Sandler cut their price target on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Fourteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $142.15.

EOG Resources Stock Up 1.8 %

Shares of NYSE EOG opened at $133.12 on Thursday. The stock has a market cap of $76.51 billion, a P/E ratio of 10.52, a PEG ratio of 3.27 and a beta of 1.28. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources has a 12-month low of $108.94 and a 12-month high of $139.67. The business’s fifty day simple moving average is $125.16 and its 200-day simple moving average is $126.91.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. During the same period last year, the firm earned $2.49 earnings per share. EOG Resources’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities analysts predict that EOG Resources will post 11.91 EPS for the current fiscal year.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EOG Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rockland Trust Co. lifted its position in shares of EOG Resources by 2.5% during the 3rd quarter. Rockland Trust Co. now owns 216,347 shares of the energy exploration company’s stock valued at $26,596,000 after acquiring an additional 5,197 shares during the period. Farmers Trust Co. raised its position in shares of EOG Resources by 0.7% during the 3rd quarter. Farmers Trust Co. now owns 26,494 shares of the energy exploration company’s stock worth $3,257,000 after purchasing an additional 174 shares during the last quarter. Czech National Bank raised its position in shares of EOG Resources by 5.8% during the 3rd quarter. Czech National Bank now owns 115,848 shares of the energy exploration company’s stock worth $14,241,000 after purchasing an additional 6,331 shares during the last quarter. Central Pacific Bank Trust Division raised its position in shares of EOG Resources by 12.5% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,297 shares of the energy exploration company’s stock worth $282,000 after purchasing an additional 255 shares during the last quarter. Finally, Trust Co. of Toledo NA OH raised its position in shares of EOG Resources by 4.4% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 14,716 shares of the energy exploration company’s stock worth $1,809,000 after purchasing an additional 614 shares during the last quarter. 89.91% 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, 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.