UBS Group Issues Positive Forecast for EOG Resources (NYSE:EOG) Stock Price

by · The Cerbat Gem

EOG Resources (NYSE:EOG – Get Free Report) had its target price hoisted by research analysts at UBS Group from $141.00 to $149.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the energy exploration company’s stock. UBS Group’s price objective would suggest a potential upside of 16.01% from the stock’s previous close.

Several other equities research analysts also recently weighed in on EOG. BMO Capital Markets raised their target price on shares of EOG Resources from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday. Wolfe Research increased their price objective on EOG Resources from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Raymond James Financial boosted their target price on EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 13th. Jefferies Financial Group upped their target price on EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Monday. Finally, Barclays decreased their price target on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus price target of $135.85.

Get Our Latest Stock Analysis on EOG

EOG Resources Stock Down 0.2%

Shares of NYSE EOG traded down $0.21 during mid-day trading on Monday, reaching $128.44. 897,257 shares of the company were exchanged, compared to its average volume of 5,048,610. EOG Resources has a 1 year low of $101.59 and a 1 year high of $131.32. The firm has a 50-day moving average of $111.71 and a 200 day moving average of $111.75. The stock has a market cap of $68.91 billion, a price-to-earnings ratio of 14.03 and a beta of 0.44. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG – Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same period in the prior year, the firm posted $2.74 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, research analysts expect that EOG Resources will post 11.47 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at $7,685,125. This represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOG. Arwa LLC bought a new stake in shares of EOG Resources during the fourth quarter worth about $1,188,000. MidFirst Bank bought a new position in EOG Resources in the 4th quarter valued at about $2,823,000. SG Trading Solutions LLC acquired a new position in EOG Resources during the 4th quarter valued at about $630,000. Stone Wealth Partners bought a new stake in EOG Resources during the 4th quarter worth approximately $260,000. Finally, Sonoma Allocations LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth approximately $331,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

About EOG Resources

(Get Free Report)

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

Featured Articles