EOG Resources (NYSE:EOG) Given New $135.00 Price Target at Johnson Rice

by · The Cerbat Gem

EOG Resources (NYSE:EOG – Get Free Report) had its price target dropped by stock analysts at Johnson Rice from $145.00 to $135.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “hold” rating on the energy exploration company’s stock. Johnson Rice’s price objective would suggest a potential upside of 19.71% from the company’s previous close.

Several other research firms have also commented on EOG. BMO Capital Markets decreased their price objective on shares of EOG Resources from $134.00 to $130.00 in a research note on Tuesday, November 11th. Roth Capital reduced their price target on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Raymond James Financial reissued a “strong-buy” rating and set a $153.00 price objective on shares of EOG Resources in a report on Wednesday. Finally, Jefferies Financial Group set a $145.00 price objective on EOG Resources in a research note on Sunday, October 12th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $139.86.

Check Out Our Latest Stock Analysis on EOG Resources

EOG Resources Stock Performance

NYSE EOG opened at $112.78 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $108.28 and a 200 day simple moving average of $115.04. The company has a market cap of $61.19 billion, a P/E ratio of 11.23, a PEG ratio of 8.44 and a beta of 0.49. EOG Resources has a 12-month low of $102.52 and a 12-month high of $138.18.

EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the business posted $2.89 earnings per share. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Sell-side analysts predict that EOG Resources will post 11.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EOG Resources

Several hedge funds have recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in shares of EOG Resources in the first quarter worth $28,000. Caitong International Asset Management Co. Ltd raised its holdings in EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 219 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of EOG Resources in the second quarter valued at about $29,000. WPG Advisers LLC purchased a new stake in shares of EOG Resources during the first quarter worth about $36,000. Finally, ORG Partners LLC grew its stake in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

(Get Free Report)

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.

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