Wolfe Research Lowers EOG Resources (NYSE:EOG) Price Target to $134.00

EOG Resources (NYSE:EOG) had its price objective lowered by Wolfe Research from $138.00 to $134.00 in a report released on Monday,MarketScreener reports. The firm presently has an “outperform” rating on the energy exploration company’s stock. Wolfe Research’s target price would suggest a potential upside of 27.62% from the company’s current price.

A number of other brokerages have also recently commented on EOG. Citigroup reaffirmed a “neutral” rating and set a $115.00 price objective (down previously from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Raymond James Financial restated a “strong-buy” rating and set a $153.00 price target on shares of EOG Resources in a research report on Wednesday, December 3rd. Barclays set a $136.00 price objective on shares of EOG Resources and gave the company an “equal weight” rating in a report on Tuesday, October 7th. The Goldman Sachs Group lowered their target price on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Finally, Scotiabank restated a “sector perform” rating and issued a $130.00 price target on shares of EOG Resources in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $138.14.

EOG Resources Price Performance

NYSE:EOG opened at $105.00 on Monday. The firm’s fifty day moving average is $106.73 and its two-hundred day moving average is $113.48. The firm has a market cap of $56.97 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 8.32 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. EOG Resources has a one year low of $101.59 and a one year high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $2.89 EPS. Research analysts expect that EOG Resources will post 11.47 EPS for the current year.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Large investors have recently modified their holdings of the business. StrongBox Wealth LLC boosted its position in EOG Resources by 1.9% during the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock worth $576,000 after acquiring an additional 88 shares during the last quarter. ORG Partners LLC lifted its stake in EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares in the last quarter. Ameriflex Group Inc. boosted its holdings in shares of EOG Resources by 31.6% during the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after purchasing an additional 91 shares during the last quarter. Hemington Wealth Management grew its position in shares of EOG Resources by 7.2% in the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after purchasing an additional 93 shares in the last quarter. Finally, Bollard Group LLC grew its position in shares of EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.