Benchmark Reiterates Hold Rating for EOG Resources (NYSE:EOG)

EOG Resources (NYSE:EOG)‘s stock had its “hold” rating reaffirmed by research analysts at Benchmark in a report issued on Tuesday, Benzinga reports.

Other equities analysts have also issued reports about the stock. Mizuho increased their price target on shares of EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 15th. TD Cowen lifted their price target on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Barclays assumed coverage on shares of EOG Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price objective for the company. Stifel Nicolaus cut their target price on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Finally, StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Fourteen 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 stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average target price of $142.27.

EOG Resources Price Performance

EOG Resources stock opened at $129.83 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $128.17 and a 200-day simple moving average of $122.33. The stock has a market cap of $74.61 billion, a P/E ratio of 10.26 and a beta of 1.38. EOG Resources has a 12-month low of $106.32 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the business earned $2.69 EPS. EOG Resources’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts expect that EOG Resources will post 12.14 EPS for the current fiscal year.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors have recently added to or reduced their stakes in EOG. Capital World Investors raised its stake in shares of EOG Resources by 59.2% during the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after buying an additional 9,455,621 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in EOG Resources by 26.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after acquiring an additional 1,029,727 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of EOG Resources by 863.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock worth $139,445,000 after purchasing an additional 985,884 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of EOG Resources by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after purchasing an additional 892,951 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of EOG Resources during the 3rd quarter worth $71,596,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

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.