EOG Resources (NYSE:EOG) Price Target Raised to $143.00

EOG Resources (NYSE:EOGGet Rating) had its price objective lifted by stock analysts at Barclays from $139.00 to $143.00 in a report issued on Wednesday, The Fly reports. Barclays‘s price target would suggest a potential upside of 14.79% from the company’s previous close.

Several other brokerages have also recently weighed in on EOG. Truist Financial boosted their price objective on EOG Resources from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, April 6th. Benchmark lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Wednesday, March 2nd. They noted that the move was a valuation call. Raymond James lifted their target price on shares of EOG Resources from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, March 23rd. Piper Sandler increased their price target on EOG Resources from $140.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. Finally, TD Securities cut EOG Resources from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, March 24th. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Buy” and an average target price of $124.36.

EOG opened at $124.57 on Wednesday. EOG Resources has a 1-year low of $62.81 and a 1-year high of $127.94. The stock has a market capitalization of $72.92 billion, a PE ratio of 15.61, a PEG ratio of 0.33 and a beta of 1.79. The company has a current ratio of 2.12, a quick ratio of 1.98 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $116.64 and a two-hundred day moving average price of $101.15.

EOG Resources (NYSE:EOGGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The energy exploration company reported $3.09 earnings per share for the quarter, missing analysts’ consensus estimates of $3.21 by ($0.12). EOG Resources had a net margin of 25.02% and a return on equity of 23.50%. The company had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same period in the prior year, the business earned $0.71 EPS. The business’s revenue for the quarter was up 103.8% on a year-over-year basis. On average, research analysts predict that EOG Resources will post 13.6 EPS for the current year.

In other EOG Resources news, CAO Ann D. Janssen sold 3,688 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $121.96, for a total value of $449,788.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jeffrey R. Leitzell sold 4,662 shares of the firm’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $121.48, for a total transaction of $566,339.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,677 shares of company stock worth $2,343,086. Corporate insiders own 0.40% of the company’s stock.

A number of large investors have recently modified their holdings of EOG. Trust Investment Advisors grew its holdings in shares of EOG Resources by 1.9% in the 4th quarter. Trust Investment Advisors now owns 5,201 shares of the energy exploration company’s stock valued at $462,000 after acquiring an additional 98 shares in the last quarter. West Oak Capital LLC grew its stake in EOG Resources by 4.0% in the fourth quarter. West Oak Capital LLC now owns 2,611 shares of the energy exploration company’s stock valued at $232,000 after purchasing an additional 100 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of EOG Resources by 1.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 8,547 shares of the energy exploration company’s stock worth $759,000 after purchasing an additional 101 shares during the last quarter. Shaker Investments LLC OH raised its stake in shares of EOG Resources by 0.7% during the 4th quarter. Shaker Investments LLC OH now owns 13,890 shares of the energy exploration company’s stock worth $1,234,000 after purchasing an additional 103 shares in the last quarter. Finally, Alps Advisors Inc. boosted its holdings in shares of EOG Resources by 2.0% in the 4th quarter. Alps Advisors Inc. now owns 5,334 shares of the energy exploration company’s stock valued at $474,000 after buying an additional 106 shares during the last quarter. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Company Profile (Get Rating)

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. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

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