BMO Capital Markets Reiterates Buy Rating for EOG Resources (EOG)

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EOG Resources (NYSE:EOG)‘s stock had its “buy” rating reissued by analysts at BMO Capital Markets in a research report issued on Thursday. They currently have a $140.00 price objective on the energy exploration company’s stock. BMO Capital Markets’ price target points to a potential upside of 14.59% from the company’s previous close.

A number of other equities analysts also recently weighed in on EOG. Cowen set a $125.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a research note on Thursday, July 19th. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “strong-buy” rating and set a $142.00 price target for the company in a research note on Monday, July 9th. TD Securities initiated coverage on shares of EOG Resources in a research note on Thursday, July 5th. They issued a “buy” rating and a $155.00 price target for the company. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $143.00 price target on shares of EOG Resources in a research note on Friday, July 20th. Finally, Mizuho initiated coverage on shares of EOG Resources in a research note on Monday, July 23rd. They issued a “buy” rating and a $173.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $137.48.

Shares of NYSE EOG opened at $122.18 on Thursday. EOG Resources has a twelve month low of $95.36 and a twelve month high of $133.53. The firm has a market cap of $73.89 billion, a P/E ratio of 109.09, a PEG ratio of 1.87 and a beta of 1.00. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 0.30.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. EOG Resources had a net margin of 27.81% and a return on equity of 12.38%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the firm earned $0.08 earnings per share. EOG Resources’s quarterly revenue was up 62.2% on a year-over-year basis. On average, research analysts predict that EOG Resources will post 5.68 EPS for the current fiscal year.

In other news, EVP David W. Trice sold 2,489 shares of EOG Resources stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the completion of the transaction, the executive vice president now directly owns 74,807 shares in the company, valued at $9,533,404.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William R. Thomas sold 57,065 shares of EOG Resources stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $122.36, for a total transaction of $6,982,473.40. Following the transaction, the chief executive officer now owns 755,519 shares of the company’s stock, valued at $92,445,304.84. The disclosure for this sale can be found here. Insiders have sold 61,346 shares of company stock valued at $7,508,977 over the last quarter. Corporate insiders own 0.51% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of EOG. Commonwealth Equity Services LLC grew its holdings in shares of EOG Resources by 1.8% during the first quarter. Commonwealth Equity Services LLC now owns 33,853 shares of the energy exploration company’s stock valued at $3,563,000 after buying an additional 584 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in EOG Resources by 14.2% during the first quarter. The Manufacturers Life Insurance Company now owns 697,586 shares of the energy exploration company’s stock worth $73,435,000 after purchasing an additional 86,931 shares during the last quarter. United Capital Financial Advisers LLC boosted its holdings in EOG Resources by 1.8% during the first quarter. United Capital Financial Advisers LLC now owns 103,404 shares of the energy exploration company’s stock worth $10,885,000 after purchasing an additional 1,785 shares during the last quarter. Natixis boosted its holdings in EOG Resources by 78.8% during the first quarter. Natixis now owns 23,426 shares of the energy exploration company’s stock worth $2,462,000 after purchasing an additional 10,321 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in EOG Resources by 1.8% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,211 shares of the energy exploration company’s stock worth $2,546,000 after purchasing an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 86.16% 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 United Kingdom, the People's Republic of China, and Canada.

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Analyst Recommendations for EOG Resources (NYSE:EOG)

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