EOG Resources (NYSE:EOG) Stock Rating Downgraded by StockNews.com
EOG Resources (NYSE: EOG – Get Assessed) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report released Tuesday to clients and investors.
A number of other stock analysts have also recently commented on EOG. Susquehanna Bancshares raised its price target on EOG Resources from $135.00 to $147.00 in a Monday, April 25 research report. MKM Partners raised its price target on EOG Resources from $114.00 to $127.00 in a Monday, February 28 research report. Morgan Stanley raised its price target on EOG Resources from $121.00 to $152.00 and gave the company an “equal weight” rating in a Friday, April 22 research report. Barclays raised its price target on EOG Resources from $149.00 to $168.00 and gave the company an “overweight” rating in a Tuesday, June 14 research report. Finally, Susquehanna raised its price target on EOG Resources from $135.00 to $147.00 in a Monday, April 25 research report. Six analysts gave the stock a hold rating, thirteen issued a buy rating and one issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.33.
Shares of EOG Resources opened at $113.76 on Tuesday. EOG Resources has a 1-year low of $62.81 and a 1-year high of $147.99. The company has a market capitalization of $66.63 billion, a price-earnings ratio of 15.19, a PEG ratio of 0.22 and a beta of 1.66. The company has a debt ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.35. The company’s 50-day moving average price is $125.24 and its 200-day moving average price is $114.61.
EOG Resources (NYSE:EOG – Get Rating) last reported quarterly earnings data on Thursday, May 5. The energy exploration company reported EPS of $4.00 for the quarter, beating analyst consensus estimates of $3.69 by $0.31. EOG Resources achieved a return on equity of 29.77% and a net margin of 23.12%. The company posted revenue of $3.98 billion for the quarter, versus a consensus estimate of $5.62 billion. In the same quarter last year, the company posted earnings per share of $1.62. The company’s revenue increased by 7.8% compared to the same quarter last year. On average, analysts expect EOG Resources to post EPS of 17.04 for the current fiscal year.
Separately, CAO Ann D. Janssen sold 1,905 shares of the company in a trade dated 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 document filed with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, Executive Vice President Kenneth W. Boedeker sold 1,006 shares of the company in a transaction dated Friday, June 3. The shares were sold at an average price of $142.32, for a total value of $143,173.92. Following the completion of the sale, the executive vice president now directly owns 16,880 shares of the company, valued at $2,402,361.60. The disclosure of this sale can be found here. Insiders sold a total of 6,395 shares of the company valued at $883,134 over the past three months. Insiders of the company own 0.40% of the shares of the company.
Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP increased its stake in EOG Resources by 116.1% during the 4th quarter. First Trust Advisors LP now owns 903,859 shares of the energy exploration company valued at $80,290,000 after acquiring an additional 485,689 shares in the last quarter. BlackRock Inc. increased its stake in EOG Resources by 4.9% during the 4th quarter. BlackRock Inc. now owns 46,118,313 shares of the energy exploration company valued at $4,096,689,000 after acquiring 2,140,573 additional shares in the last quarter. First Hawaiian Bank increased its stake in EOG Resources by 21.2% in the first quarter. First Hawaiian Bank now owns 22,382 shares of the energy exploration company valued at $2,668,000 after acquiring 3,913 additional shares in the last quarter. Allstate Corp acquired a new stake in EOG Resources during Q4, valued at approximately $3,960,000. Finally, Brookstone Capital Management acquired a new stake in EOG Resources during Q4 valued at approximately $353,000. 85.87% of the shares are held by hedge funds and other institutional investors.
About EOG Resources (Get a rating)
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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