Stephens Boosts EOG Resources (NYSE:EOG) Price Target to $170.00

EOG Resources (NYSE:EOG) had its price objective hoisted by equities researchers at Stephens from $139.00 to $170.00 in a report released on Tuesday,MarketScreener reports. The firm currently has an “equal weight” rating on the energy exploration company’s stock. Stephens’ target price points to a potential upside of 20.98% from the stock’s previous close.

EOG has been the subject of a number of other research reports. Mizuho upped their target price on EOG Resources from $146.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday. Susquehanna decreased their price target on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating on the stock in a research note on Thursday, February 26th. Scotiabank upgraded shares of EOG Resources to a “hold” rating in a report on Friday, March 27th. BMO Capital Markets upped their price objective on shares of EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their target price on shares of EOG Resources from $127.00 to $155.00 and gave the company an “overweight” rating in a report 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 given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $145.04.

EOG Resources Stock Down 2.8%

EOG opened at $140.52 on Tuesday. The business’s fifty day simple moving average is $125.64 and its 200 day simple moving average is $114.40. EOG Resources has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The stock has a market cap of $75.28 billion, a PE ratio of 15.42, a P/E/G ratio of 3.10 and a beta of 0.32.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 earnings per share. As a group, research analysts expect that EOG Resources will post 11.47 earnings per share for the current fiscal year.

Insider Transactions at EOG Resources

In other news, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the chief operating officer owned 61,481 shares of the company’s stock, valued at $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,532 shares of company stock worth $1,666,045 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cullen Capital Management LLC boosted its stake in EOG Resources by 4.7% during the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after acquiring an additional 25,753 shares in the last quarter. Rockland Trust Co. increased its stake in shares of EOG Resources by 5.1% during the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after purchasing an additional 11,965 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of EOG Resources by 21.0% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock valued at $7,380,000 after purchasing an additional 11,442 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of EOG Resources by 2.1% during the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock valued at $380,562,000 after purchasing an additional 68,888 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in shares of EOG Resources by 1,413.5% in the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after purchasing an additional 23,846 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting EOG Resources

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.