EOG Resources (NYSE:EOG) Price Target Cut to $145.00

EOG Resources (NYSE:EOG - Get Free Report) had its price objective dropped by research analysts at Evercore ISI from $150.00 to $145.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an "outperform" rating on the energy exploration company's stock. Evercore ISI's target price indicates a potential upside of 17.94% from the company's current price.

A number of other research analysts also recently commented on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $147.00 price objective on shares of EOG Resources in a research report on Wednesday, July 10th. JPMorgan Chase & Co. dropped their price target on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Piper Sandler reduced their price objective on EOG Resources from $154.00 to $147.00 and set an "overweight" rating for the company in a research report on Thursday, August 15th. Sanford C. Bernstein dropped their target price on EOG Resources from $139.00 to $125.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 17th. Finally, UBS Group reduced their price target on EOG Resources from $167.00 to $154.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. Fourteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $142.25.

EOG Resources Stock Up 0.4 %

NYSE:EOG traded up $0.50 during trading hours on Monday, hitting $122.94. 3,566,647 shares of the stock traded hands, compared to its average volume of 3,231,942. The firm has a 50 day moving average price of $124.87 and a 200 day moving average price of $126.78. The firm has a market cap of $70.65 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 3.27 and a beta of 1.28. EOG Resources has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. 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 (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the prior year, the business earned $2.49 EPS. The business's revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts anticipate that EOG Resources will post 11.91 earnings per share for the current year.

Insiders Place Their Bets

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,537 shares of company stock worth $2,751,612. Insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On EOG Resources

Institutional investors have recently added to or reduced their stakes in the company. Aveo Capital Partners LLC lifted its holdings in EOG Resources by 4.8% during the 4th quarter. Aveo Capital Partners LLC now owns 2,194 shares of the energy exploration company's stock worth $265,000 after purchasing an additional 101 shares during the last quarter. Focus Financial Network Inc. ADV bought a new stake in shares of EOG Resources in the fourth quarter valued at about $406,000. Bank of Nova Scotia grew its stake in shares of EOG Resources by 33.7% in the fourth quarter. Bank of Nova Scotia now owns 72,229 shares of the energy exploration company's stock valued at $8,736,000 after acquiring an additional 18,196 shares in the last quarter. FinTrust Capital Advisors LLC increased its position in EOG Resources by 26.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company's stock worth $51,000 after acquiring an additional 89 shares during the period. Finally, KBC Group NV raised its stake in EOG Resources by 5.0% in the 4th quarter. KBC Group NV now owns 165,785 shares of the energy exploration company's stock worth $20,052,000 after purchasing an additional 7,854 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.