Susquehanna Lowers EOG Resources (NYSE:EOG) Price Target to $156.00

EOG Resources (NYSE:EOG - Get Free Report) had its price target reduced by stock analysts at Susquehanna from $161.00 to $156.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "positive" rating on the energy exploration company's stock. Susquehanna's price target indicates a potential upside of 37.72% from the company's previous close.

EOG has been the topic of several other reports. KeyCorp cut their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Raymond James lifted their target price on EOG Resources from $167.00 to $175.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Williams Trading set a $154.00 price target on shares of EOG Resources in a report on Wednesday, March 5th. Finally, Morgan Stanley dropped their price objective on shares of EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Twelve analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $141.25.

EOG Resources Price Performance

Shares of NYSE:EOG traded down $0.19 on Tuesday, reaching $113.27. 397,610 shares of the company traded hands, compared to its average volume of 3,657,935. The stock has a market capitalization of $62.47 billion, a PE ratio of 9.12, a P/E/G ratio of 3.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company's 50 day moving average is $120.87 and its 200-day moving average is $125.89. EOG Resources has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. As a group, analysts anticipate that EOG Resources will post 11.47 earnings per share for the current fiscal year.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Institutional Trading of EOG Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Life Planners acquired a new position in shares of EOG Resources during the fourth quarter valued at about $25,000. Y.D. More Investments Ltd increased its stake in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after acquiring an additional 121 shares during the period. Mainstream Capital Management LLC bought a new position in EOG Resources during the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. acquired a new position in EOG Resources in the 4th quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 89.91% of the company's stock.

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.