EOG Resources, Inc. (NYSE:EOG) receives an average “moderate buy” recommendation from analysts

Shares of EOG Resources, Inc. (NYSE:EOG – Get Rating) received a consensus “moderate buy” recommendation from the twenty-five research firms that cover the stock, MarketBeat reports. Six analysts rated the stock with a hold recommendation, twelve gave the company a buy recommendation and one gave the company a strong buy recommendation. The 12-month average price target among analysts who have reported on the stock over the past year is $140.45.

Several equity analysts have recently commented on EOG stocks. Wells Fargo & Company raised its price target on EOG Resources from $113.00 to $142.00 and gave the company an “overweight” rating in a Monday, March 14 research note. Mizuho raised its price target on EOG Resources shares from $172.00 to $175.00 and gave the stock a “buy” rating in a Tuesday, May 31 research report. Royal Bank of Canada raised its price target on EOG Resources shares from $125.00 to $140.00 and gave the stock an “outperform” rating in a Monday, March 7 research report . Morgan Stanley raised its price target on shares of EOG Resources from $121.00 to $152.00 and gave the stock an “equal weight” rating in a Friday, April 22 research report. Finally, Benchmark downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a Wednesday, March 2 research report. They noted that the move was a review call.

Separately, CAO Ann D. Janssen sold 1,905 shares of the company in a trade that took place on Thursday, June 2. The stock was sold at an average price of $140.60, for a total value of $267,843.00. Following the completion of the sale, the chief accounting officer now directly owns 66,980 shares of the company, valued at approximately $9,417,388. The transaction was disclosed in a filing with the SEC, accessible via the SEC’s website. Additionally, Chief Financial Officer Timothy K. Driggers sold 3,484 shares of the company in a trade that took place on Friday, May 27. The stock was sold at an average price of $135.51, for a total value of $472,116.84. Following the transaction, the CFO now owns 214,691 shares of the company, valued at $29,092,777.41. The disclosure of this sale can be found here. In the past three months, insiders have sold 6,395 shares of the company valued at $883,134. 0.40% of the shares are currently held by insiders of the company.

A number of hedge funds and other institutional investors have recently increased or reduced their stake in EOG. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of EOG Resources in Q4 worth approximately $27,000. Rational Advisors LLC increased its holdings of EOG Resources shares by 102.0% in the fourth quarter. Rational Advisors LLC now owns 303 shares of the energy exploration company valued at $27,000 after buying 153 additional shares in the last quarter. Lumature Wealth Partners LLC acquired a new position in EOG Resources during Q1 worth approximately $28,000. BDO Wealth Advisors LLC increased its holdings in EOG Resources by 476.2% during the 1st quarter. BDO Wealth Advisors LLC now owns 242 shares of the energy exploration company worth $29,000 after acquiring 200 more shares in the last quarter. Finally, JCIC Asset Management Inc. acquired a new stake in EOG Resources in Q4 valued at approximately $31,000. 85.87% of the shares are currently held by institutional investors.

EOG stock opened at $110.59 on Friday. The stock has a 50-day moving average price of $125.43 and a two-hundred-day moving average price of $114.26. The company has a market capitalization of $64.77 billion, a PE ratio of 14.77, a growth price-earnings ratio of 0.21 and a beta of 1.66. The company has a current ratio of 1.35, a quick ratio of 1.26 and a debt ratio of 0.18. EOG Resources has a 12-month low of $62.81 and a 12-month high of $147.99.

EOG Resources (NYSE:EOG – Get Rating) last released its results on Thursday, May 5. The energy exploration company reported earnings per share of $4.00 for the quarter, beating the consensus estimate of $3.69 by $0.31. EOG Resources posted a net margin of 23.12% and a return on equity of 29.77%. The company posted revenue of $3.98 billion for the quarter, versus analyst estimates of $5.62 billion. In the same quarter a year earlier, the company posted EPS of $1.62. The company’s quarterly revenue increased 7.8% year over year. Equity analysts expect EOG Resources to post EPS of 17.04 for the current fiscal year.

The company also recently declared a nil dividend, which will be paid on Thursday, June 30. Investors of record on Wednesday, June 15 will receive a dividend of $1.80. The ex-dividend date is Tuesday, June 14. EOG Resources payout ratio is 40.05%.

EOG Resources Company Profile (Get an assessment)

EOG Resources, Inc, together with its subsidiaries, explores, develops, produces and markets crude oil, natural gas and natural gas liquids. Its main production areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total net proven reserves estimated at 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of liquid natural gas reserves; and 8.222 billion cubic feet of natural gas reserves.

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Analyst Recommendations for EOG Resources (NYSE: EOG)

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