Susquehanna Lowers EOG Resources (NYSE:EOG) Price Target to $144.00

EOG Resources (NYSE:EOGGet Free Report) had its price objective reduced by research analysts at Susquehanna from $151.00 to $144.00 in a research note issued on Thursday,MarketScreener reports. The firm presently has a “positive” rating on the energy exploration company’s stock. Susquehanna’s price objective points to a potential upside of 16.07% from the stock’s previous close.

Several other research firms have also weighed in on EOG. Morgan Stanley set a $128.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Friday, January 23rd. The Goldman Sachs Group decreased their price objective on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. JPMorgan Chase & Co. raised their price objective on shares of EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday. KeyCorp downgraded EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Finally, Citigroup restated a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $134.59.

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EOG Resources Trading Up 2.4%

EOG stock opened at $124.07 on Thursday. EOG Resources has a 1-year low of $101.59 and a 1-year high of $130.52. The firm has a market cap of $66.56 billion, a P/E ratio of 13.62 and a beta of 0.49. The business’s 50 day moving average is $111.21 and its 200-day moving average is $111.79. The company has a current ratio of 1.63, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOGGet Free Report) last posted its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter last year, the company earned $2.74 EPS. EOG Resources’s revenue was up .9% on a year-over-year basis. Equities analysts anticipate that EOG Resources will post 11.47 earnings per share for the current fiscal year.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer owned 61,481 shares of the company’s stock, valued at $7,685,125. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources during the fourth quarter worth $25,000. Prosperity Bancshares Inc acquired a new stake in EOG Resources during the 4th quarter worth $26,000. Nemes Rush Group LLC bought a new position in EOG Resources during the fourth quarter worth about $30,000. Gen Wealth Partners Inc acquired a new position in EOG Resources in the fourth quarter valued at about $30,000. Finally, JCIC Asset Management Inc. bought a new stake in shares of EOG Resources in the third quarter worth about $32,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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EOG Resources Company Profile

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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.

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