Roth Mkm Raises EOG Resources (NYSE:EOG) Price Target to $134.00

EOG Resources (NYSE:EOG) had its price objective upped by stock analysts at Roth Mkm from $110.00 to $134.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm presently has a “neutral” rating on the energy exploration company’s stock. Roth Mkm’s price target suggests a potential upside of 0.07% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. Raymond James Financial increased their price target on EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 27th. Zacks Research upgraded EOG Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. Mizuho increased their price target on EOG Resources from $146.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 1st. Finally, Capital One Financial increased their price target on EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a research report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $151.11.

EOG Resources Stock Up 1.1%

Shares of EOG Resources stock opened at $133.90 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The business’s 50 day simple moving average is $131.82 and its 200-day simple moving average is $116.01. The stock has a market capitalization of $71.73 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 2.77 and a beta of 0.32. EOG Resources has a twelve month low of $101.59 and a twelve month high of $151.87.

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

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 18,230 shares of company stock worth $2,522,568. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On EOG Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acumen Wealth Advisors LLC bought a new position in EOG Resources during the 4th quarter valued at $25,000. Prosperity Bancshares Inc bought a new position in EOG Resources during the 4th quarter valued at $26,000. Nemes Rush Group LLC bought a new position in EOG Resources during the 4th quarter valued at $30,000. Gen Wealth Partners Inc bought a new position in EOG Resources during the 4th quarter valued at $30,000. Finally, JCIC Asset Management Inc. bought a new position in EOG Resources during the 3rd quarter valued at $32,000. 89.91% of the stock is owned by institutional investors.

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.