EOG Resources (NYSE:EOG – Get Free Report) had its target price cut by investment analysts at Truist Financial from $172.00 to $165.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the energy exploration company’s stock. Truist Financial’s target price indicates a potential upside of 47.51% from the stock’s current price.
EOG has been the topic of several other research reports. Wells Fargo & Company downgraded shares of EOG Resources from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $150.00 to $130.00 in a report on Thursday, December 14th. Susquehanna cut their price objective on shares of EOG Resources from $164.00 to $147.00 and set a “positive” rating for the company in a research report on Friday, January 26th. KeyCorp dropped their price target on shares of EOG Resources from $157.00 to $147.00 and set an “overweight” rating for the company in a research report on Thursday, January 11th. UBS Group decreased their target price on shares of EOG Resources from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 14th. Finally, Stifel Nicolaus decreased their target price on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $142.40.
Check Out Our Latest Research Report on EOG Resources
EOG Resources Stock Down 3.9 %
EOG stock opened at $111.86 on Monday. The company has a market cap of $65.23 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.32 and a beta of 1.40. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. EOG Resources has a 12 month low of $98.52 and a 12 month high of $136.79. The firm has a 50-day moving average of $115.89 and a two-hundred day moving average of $122.91.
EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the prior year, the business earned $3.30 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, analysts forecast that EOG Resources will post 12.04 earnings per share for the current fiscal year.
Institutional Investors Weigh In On EOG Resources
Hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in EOG Resources during the second quarter worth $25,000. Fortis Capital Advisors LLC bought a new stake in shares of EOG Resources in the 4th quarter worth about $28,000. Lumature Wealth Partners LLC bought a new stake in shares of EOG Resources in the 1st quarter worth about $28,000. McIlrath & Eck LLC grew its holdings in shares of EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares during the last quarter. Finally, Peoples Bank KS bought a new stake in shares of EOG Resources in the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 89.21% of the company’s stock.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider EOG Resources, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and EOG Resources wasn’t on the list.
While EOG Resources currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Source: marketbeat.com
