EOG Resources (NYSE:EOG) Price Target Cut to $150.00

EOG Resources (NYSE:EOG - Get Free Report) had its price objective dropped by investment analysts at KeyCorp from $157.00 to $150.00 in a report released on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the energy exploration company's stock. KeyCorp's price target indicates a potential upside of 17.77% from the stock's previous close.

Several other research firms have also commented on EOG. Susquehanna lowered their target price on EOG Resources from $159.00 to $158.00 and set a "positive" rating for the company in a report on Wednesday, September 4th. Evercore ISI dropped their target price on EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday, September 30th. 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. Piper Sandler lowered their price target on shares of EOG Resources from $154.00 to $147.00 and set an "overweight" rating for the company in a research report on Thursday, August 15th. Finally, Truist Financial cut their price objective on shares of EOG Resources from $130.00 to $115.00 and set a "hold" rating on the stock in a research report on Monday, September 30th. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of "Hold" and a consensus price target of $141.20.

EOG Resources Stock Performance

EOG traded up $0.09 during trading hours on Wednesday, hitting $127.37. 1,938,777 shares of the stock were exchanged, compared to its average volume of 3,182,421. The stock has a market cap of $73.20 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28. The stock has a 50-day simple moving average of $126.15 and a 200-day simple moving average of $127.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. EOG Resources has a 12 month low of $108.94 and a 12 month high of $139.67.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same period last year, the firm posted $2.49 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. Analysts anticipate that EOG Resources will post 11.83 earnings per share for the current year.

Insider Activity

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 74,250 shares of the company's stock, valued at $9,615,375. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction 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 transaction, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company's stock, valued at $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,537 shares of company stock worth $2,751,612 in the last ninety days. Corporate insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On EOG Resources

Several institutional investors have recently bought and sold shares of EOG. Riverview Trust Co bought a new position in shares of EOG Resources in the 2nd quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources in the second quarter valued at approximately $28,000. Gladius Capital Management LP acquired a new position in EOG Resources in the 2nd quarter valued at $30,000. Triad Wealth Partners LLC acquired a new position in EOG Resources during the 2nd quarter worth $35,000. Finally, Norwood Financial Corp acquired a new stake in shares of EOG Resources in the first quarter valued at about $37,000. 89.91% of the stock is currently owned by institutional investors.

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.