EOG Resources, Inc. (NYSE:EOG) Given Average Rating of “Buy” by Analysts

EOG Resources, Inc. (NYSE:EOGGet Rating) has been assigned an average rating of “Buy” from the twenty-eight analysts that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $132.36.

Several research firms have recently issued reports on EOG. Credit Suisse Group upped their price objective on EOG Resources from $110.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, February 25th. KeyCorp upped their price target on shares of EOG Resources from $132.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, April 8th. StockNews.com initiated coverage on shares of EOG Resources in a research note on Thursday, March 31st. They set a “buy” rating for the company. Susquehanna Bancshares boosted their price objective on shares of EOG Resources from $135.00 to $147.00 in a research note on Monday, April 25th. Finally, Susquehanna raised their target price on EOG Resources from $135.00 to $147.00 in a research report on Monday, April 25th.

Shares of NYSE:EOG opened at $132.22 on Friday. EOG Resources has a 52-week low of $62.81 and a 52-week high of $132.35. The company has a market capitalization of $77.40 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 0.25 and a beta of 1.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.98 and a current ratio of 2.12. The company has a fifty day moving average of $119.49 and a 200-day moving average of $105.20.

EOG Resources (NYSE:EOGGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The energy exploration company reported $4.00 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.31. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $5.62 billion. EOG Resources had a return on equity of 23.50% and a net margin of 25.02%. EOG Resources’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. On average, equities analysts forecast that EOG Resources will post 16.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, July 14th. EOG Resources’s dividend payout ratio is presently 37.59%.

In related news, CAO Ann D. Janssen sold 3,688 shares of the stock in a transaction on Monday, March 21st. The stock was sold at an average price of $121.96, for a total value of $449,788.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 11,327 shares of the business’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $117.15, for a total transaction of $1,326,958.05. The disclosure for this sale can be found here. Insiders sold 19,677 shares of company stock valued at $2,343,086 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $27,000. Rational Advisors LLC raised its position in EOG Resources by 102.0% in the 4th quarter. Rational Advisors LLC now owns 303 shares of the energy exploration company’s stock valued at $27,000 after buying an additional 153 shares during the last quarter. BDO Wealth Advisors LLC lifted its stake in EOG Resources by 476.2% during the 1st quarter. BDO Wealth Advisors LLC now owns 242 shares of the energy exploration company’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. JCIC Asset Management Inc. bought a new position in EOG Resources during the 4th quarter valued at $31,000. Finally, Equitec Proprietary Markets LLC purchased a new position in EOG Resources during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 85.87% of the company’s stock.

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.

Read More

Analyst Recommendations for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.