EOG Resources (NYSE:EOG) PT Lowered to $111.00

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EOG Resources (NYSE:EOG) had its price objective reduced by Barclays from $132.00 to $111.00 in a report released on Friday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the energy exploration company’s stock.

Several other research analysts have also weighed in on the stock. KeyCorp cut their price objective on shares of EOG Resources from $110.00 to $97.00 and set an overweight rating on the stock in a report on Tuesday, October 15th. Howard Weil started coverage on shares of EOG Resources in a research report on Wednesday, November 13th. They issued a sector perform rating on the stock. Scotiabank started coverage on shares of EOG Resources in a report on Tuesday, November 12th. They issued a sector perform rating and a $86.00 target price for the company. SunTrust Banks boosted their target price on shares of EOG Resources to $80.00 and gave the company a hold rating in a report on Friday, November 8th. They noted that the move was a valuation call. Finally, Morgan Stanley reaffirmed a hold rating and set a $97.00 price target on shares of EOG Resources in a research report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $104.55.

EOG Resources stock opened at $73.96 on Friday. The stock has a fifty day moving average price of $71.51 and a 200 day moving average price of $79.14. EOG Resources has a 52 week low of $64.33 and a 52 week high of $107.89. The firm has a market capitalization of $43.03 billion, a P/E ratio of 13.35, a PEG ratio of 1.66 and a beta of 1.36. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.13. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.38 billion. EOG Resources had a return on equity of 13.94% and a net margin of 16.96%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period last year, the company earned $1.75 EPS. As a group, equities analysts predict that EOG Resources will post 4.71 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOG. Resources Management Corp CT ADV purchased a new stake in EOG Resources during the 3rd quarter worth $89,000. Princeton Global Asset Management LLC raised its position in EOG Resources by 6.6% in the third quarter. Princeton Global Asset Management LLC now owns 25,009 shares of the energy exploration company’s stock valued at $1,791,000 after purchasing an additional 1,552 shares during the period. Keeley Teton Advisors LLC lifted its stake in shares of EOG Resources by 47.5% during the third quarter. Keeley Teton Advisors LLC now owns 12,138 shares of the energy exploration company’s stock worth $901,000 after purchasing an additional 3,907 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its stake in shares of EOG Resources by 9.6% during the third quarter. Lockheed Martin Investment Management Co. now owns 55,330 shares of the energy exploration company’s stock worth $4,106,000 after purchasing an additional 4,830 shares in the last quarter. Finally, Man Group plc lifted its stake in shares of EOG Resources by 207.5% during the third quarter. Man Group plc now owns 516,241 shares of the energy exploration company’s stock worth $38,315,000 after purchasing an additional 348,353 shares in the last quarter. Institutional investors own 85.88% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Analyst Recommendations for EOG Resources (NYSE:EOG)

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