Roth Mkm Has Lowered Expectations for EOG Resources (NYSE:EOG) Stock Price

EOG Resources (NYSE:EOG) had its target price lowered by investment analysts at Roth Mkm from $114.00 to $108.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “neutral” rating on the energy exploration company’s stock. Roth Mkm’s target price would suggest a potential downside of 0.24% from the company’s previous close.

Several other research analysts have also weighed in on EOG. Siebert Williams Shank lowered their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Morgan Stanley set a $128.00 target price on shares of EOG Resources and gave the company an “equal weight” rating in a research note on Friday. Sanford C. Bernstein restated a “market perform” rating and set a $126.00 target price (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. BMO Capital Markets dropped their price target on shares of EOG Resources from $126.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Finally, Mizuho set a $134.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $134.67.

EOG Resources Trading Up 1.8%

Shares of NYSE:EOG opened at $108.26 on Friday. The company’s 50-day moving average price is $106.68 and its two-hundred day moving average price is $112.15. EOG Resources has a one year low of $101.59 and a one year high of $135.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The stock has a market capitalization of $58.74 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 9.00 and a beta of 0.49.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the company earned $2.89 EPS. EOG Resources’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts forecast that EOG Resources will post 11.47 EPS for the current fiscal year.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EOG. Caitong International Asset Management Co. Ltd grew its position in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in EOG Resources in the 2nd quarter valued at $29,000. ORG Partners LLC boosted 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 valued at $34,000 after purchasing an additional 88 shares during the period. JCIC Asset Management Inc. acquired a new position in EOG Resources in the 3rd quarter valued at $32,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in EOG Resources during the 2nd quarter worth $35,000. 89.91% of the stock is owned by institutional investors.

About EOG Resources

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.