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

EOG Resources (NYSE:EOG - Get Free Report) had its target price decreased by equities researchers at Scotiabank from $150.00 to $140.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a "sector perform" rating on the energy exploration company's stock. Scotiabank's price target would suggest a potential upside of 5.91% from the company's current price.

Several other brokerages have also weighed in on EOG. Morgan Stanley reduced their price objective on EOG Resources from $134.00 to $132.00 and set an "equal weight" rating for the company in a report on Monday, September 16th. Sanford C. Bernstein dropped their price objective on shares of EOG Resources from $139.00 to $125.00 and set a "market perform" rating for the company in a report on Wednesday, July 17th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $147.00 price objective on shares of EOG Resources in a research note on Wednesday, July 10th. Barclays reduced their price target on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. cut their target price on EOG Resources from $143.00 to $135.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of "Hold" and a consensus target price of $141.65.

EOG Resources Trading Up 0.9 %

NYSE:EOG traded up $1.23 on Thursday, reaching $132.19. 1,635,591 shares of the stock traded hands, compared to its average volume of 3,206,291. EOG Resources has a 1-year low of $108.94 and a 1-year high of $139.67. The company's 50 day moving average is $125.51 and its 200-day moving average is $127.06. The firm has a market capitalization of $75.97 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth 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 (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts' consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.49 EPS. Equities research analysts anticipate that EOG Resources will post 11.91 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Charles R. Crisp sold 6,500 shares of EOG Resources 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 completion of the sale, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the company's 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 completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brevan Howard Capital Management LP lifted its stake in EOG Resources by 564.3% in the fourth quarter. Brevan Howard Capital Management LP now owns 13,133 shares of the energy exploration company's stock valued at $1,588,000 after acquiring an additional 11,156 shares during the last quarter. Blackstone Inc. increased its stake in EOG Resources by 44.6% during the fourth quarter. Blackstone Inc. now owns 6,813 shares of the energy exploration company's stock valued at $824,000 after acquiring an additional 2,100 shares during the period. Black Maple Capital Management LP lifted its position in EOG Resources by 272.7% in the fourth quarter. Black Maple Capital Management LP now owns 49,200 shares of the energy exploration company's stock worth $5,951,000 after purchasing an additional 36,000 shares during the period. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of EOG Resources by 29.9% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 241,958 shares of the energy exploration company's stock worth $29,265,000 after acquiring an additional 55,638 shares during the period. Finally, Groupama Asset Managment acquired a new stake in EOG Resources during the fourth quarter valued at approximately $11,422,000. 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.