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

EOG Resources, Inc. (NYSE:EOG) has been given an average rating of “Moderate Buy” by the twenty-four ratings firms that are currently covering the company, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $143.5217.

A number of equities analysts recently commented on EOG shares. Raymond James Financial raised their target price on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 22nd. Piper Sandler decreased their target price on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. UBS Group raised their target price on EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of EOG Resources in a report on Sunday, June 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $148.00 price target (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th.

EOG Resources Price Performance

NYSE EOG opened at $118.20 on Friday. The business’s fifty day moving average price is $119.80 and its 200-day moving average price is $118.18. The stock has a market capitalization of $64.54 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 9.19 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.18. The firm had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.16 EPS. On average, equities analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the sale, the chief operating officer directly owned 45,739 shares of the company’s stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the business. StrongBox Wealth LLC grew its holdings in shares of EOG Resources by 1.9% during the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock valued at $576,000 after buying an additional 88 shares during the last quarter. ORG Partners LLC grew its holdings in shares of EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the last quarter. Ameriflex Group Inc. grew its holdings in shares of EOG Resources by 31.6% during the second quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock valued at $46,000 after buying an additional 91 shares during the last quarter. Granite Harbor Advisors Inc. grew its holdings in shares of EOG Resources by 3.2% during the first quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock valued at $389,000 after buying an additional 94 shares during the last quarter. Finally, FSM Wealth Advisors LLC grew its holdings in shares of EOG Resources by 6.2% during the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company’s stock valued at $208,000 after buying an additional 95 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

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.