EOG Resources (NYSE:EOG) Price Target Raised to $147.00 at Piper Sandler

EOG Resources (NYSE:EOG) had its price target upped by Piper Sandler from $144.00 to $147.00 in a research note issued to investors on Wednesday morning, Marketbeat reports. Piper Sandler currently has a neutral rating on the energy exploration company’s stock.

Several other research analysts have also issued reports on the stock. Stephens raised their target price on shares of EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Wolfe Research increased their price objective on shares of EOG Resources from $140.00 to $152.00 in a report on Monday, March 9th. Royal Bank Of Canada set a $138.00 price objective on shares of EOG Resources and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Capital One Financial lowered their target price on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, Raymond James Financial upped their target price on shares of EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $145.04.

EOG Resources Trading Down 2.8%

Shares of EOG opened at $140.52 on Wednesday. The stock’s fifty day simple moving average is $125.64 and its 200-day simple moving average is $114.40. The firm has a market capitalization 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. EOG Resources has a 12-month low of $101.59 and a 12-month 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.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same period last year, the company earned $2.74 earnings per share. As a group, research analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued 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 payout ratio is 44.79%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at $11,445,850. This represents a 2.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value 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. The trade was a 3.99% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 12,532 shares of company stock valued at $1,666,045. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EOG Resources

Hedge funds have recently modified their holdings of the business. Sivia Capital Partners LLC acquired a new position in shares of EOG Resources in the 2nd quarter valued at approximately $258,000. Scotia Capital Inc. raised its holdings in EOG Resources by 57.6% during the 2nd quarter. Scotia Capital Inc. now owns 3,367 shares of the energy exploration company’s stock worth $403,000 after buying an additional 1,231 shares during the period. Quantbot Technologies LP acquired a new stake in EOG Resources during the 2nd quarter worth approximately $349,000. Beacon Pointe Advisors LLC lifted its stake in EOG Resources by 4.6% in the second quarter. Beacon Pointe Advisors LLC now owns 47,150 shares of the energy exploration company’s stock valued at $5,640,000 after buying an additional 2,082 shares in the last quarter. Finally, Nicolet Bankshares Inc. lifted its stake in EOG Resources by 2.3% in the second quarter. Nicolet Bankshares Inc. now owns 6,566 shares of the energy exploration company’s stock valued at $785,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

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

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.