EOG Resources (NYSE:EOG) Price Target Raised to $160.00 at BMO Capital Markets

EOG Resources (NYSE:EOG) had its price target boosted by BMO Capital Markets from $140.00 to $160.00 in a report issued on Wednesday,MarketScreener reports. They currently have an outperform rating on the energy exploration company’s stock.

A number of other equities research analysts also recently weighed in on EOG. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $126.00 target price (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. Johnson Rice lowered their price target on EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a report on Friday, December 5th. Raymond James Financial raised their price objective on EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a research note on Friday, February 13th. Citigroup lifted their target price on EOG Resources from $115.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Barclays boosted their target price on EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $145.04.

EOG Resources Price Performance

EOG Resources stock opened at $140.52 on Wednesday. The firm has a market cap of $75.28 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 3.10 and a beta of 0.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The stock’s fifty day moving average price is $125.64 and its two-hundred day moving average price is $114.40. EOG Resources has a one year low of $101.59 and a one year high of $151.87.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the firm earned $2.74 earnings per share. EOG Resources’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, research analysts expect that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio is currently 44.79%.

Insider Buying and Selling

In related news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer directly owned 61,481 shares in the company, valued at $7,685,125. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 12,532 shares of company stock valued at $1,666,045. 0.13% of the stock is owned by company insiders.

Institutional Trading of EOG Resources

Institutional investors have recently modified their holdings of the business. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources in the fourth quarter valued at $25,000. Prosperity Bancshares Inc acquired a new position in EOG Resources during the 4th quarter worth about $26,000. JCIC Asset Management Inc. bought a new stake in shares of EOG Resources in the 3rd quarter valued at about $32,000. Gen Wealth Partners Inc bought a new stake in shares of EOG Resources in the 4th quarter valued at about $30,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of EOG Resources in the fourth quarter valued at about $30,000. Institutional investors own 89.91% of the company’s stock.

Key EOG Resources News

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Multiple brokerages raised price targets today (BMO to $160/outperform; Stephens to $170; Piper Sandler and Mizuho to ~$147) — signals analyst confidence and possible upside over time. BMO raises PT to $160 Stephens raises PT to $170 Piper Sandler raises PT to $147 Mizuho raises PT on EBITDA outlook
• Neutral Sentiment: Consensus analyst stance remains mixed-to-cautious (average “Hold” and Citi “Hold”), which could limit immediate upside despite the target increases. Average recommendation “Hold” Citi assigns Hold
• Negative Sentiment: Crude oil prices fell after reports President Trump said Iran asked for a cease-fire and other headlines suggesting a quicker end to the Iran conflict; Brent and WTI slid below recent levels, removing a key commodity catalyst and pressuring EOG shares today. Oil Prices Fall on Fresh Hopes for a Swift End to Iran War Trump Says Iran Has Asked for a Cease-Fire

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.