Raymond James Lowers EOG Resources (EOG) Price Target to $145.00

EOG Resources (NYSE:EOG) had its price target reduced by Raymond James from $162.00 to $145.00 in a research note published on Tuesday. Raymond James currently has an outperform rating on the energy exploration company’s stock.

EOG has been the subject of several other reports. Mizuho initiated coverage on EOG Resources in a report on Monday, July 23rd. They issued a buy rating and a $173.00 price objective for the company. Royal Bank of Canada set a $142.00 price objective on EOG Resources and gave the stock a hold rating in a report on Thursday, September 20th. ValuEngine downgraded EOG Resources from a hold rating to a sell rating in a report on Friday, November 2nd. JPMorgan Chase & Co. lifted their price objective on EOG Resources from $118.00 to $120.00 and gave the stock a neutral rating in a report on Friday, November 2nd. Finally, TD Securities boosted their price target on EOG Resources from $155.00 to $160.00 and gave the company a buy rating in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $139.13.

NYSE EOG traded down $0.24 during trading hours on Tuesday, hitting $104.61. The company’s stock had a trading volume of 156,540 shares, compared to its average volume of 3,792,393. EOG Resources has a 12 month low of $96.54 and a 12 month high of $133.53. The company has a market capitalization of $62.24 billion, a price-to-earnings ratio of 93.75, a PEG ratio of 1.27 and a beta of 1.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 1.09.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.56 by $0.19. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The company had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the company earned $0.19 EPS. EOG Resources’s revenue for the quarter was up 80.8% on a year-over-year basis. On average, equities analysts predict that EOG Resources will post 5.97 earnings per share for the current fiscal year.

In related news, EVP David W. Trice sold 2,489 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $127.44, for a total transaction of $317,198.16. Following the completion of the transaction, the executive vice president now directly owns 74,807 shares in the company, valued at approximately $9,533,404.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles R. Crisp sold 1,792 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total value of $209,305.60. Following the transaction, the director now owns 49,741 shares of the company’s stock, valued at $5,809,748.80. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

Large investors have recently made changes to their positions in the stock. NuWave Investment Management LLC grew its stake in shares of EOG Resources by 2,366.7% during the 3rd quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock valued at $151,000 after acquiring an additional 1,136 shares during the period. Transamerica Financial Advisors Inc. purchased a new position in EOG Resources in the 2nd quarter worth approximately $158,000. Kaizen Advisory LLC lifted its holdings in EOG Resources by 133.6% in the 2nd quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock worth $162,000 after purchasing an additional 744 shares in the last quarter. ELM Advisors LLC purchased a new position in EOG Resources in the 3rd quarter worth approximately $162,000. Finally, Alpha Windward LLC purchased a new position in EOG Resources in the 2nd quarter worth approximately $193,000. Institutional investors own 86.24% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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