Brokerages Set EOG Resources, Inc. (NYSE:EOG) Price Target at $110.22


Shares of EOG Resources, Inc. (NYSE:EOG) have been assigned an average recommendation of “Buy” from the thirty-five ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $108.64.

Several equities analysts have recently weighed in on EOG shares. Scotiabank reiterated a “hold” rating and set a $100.00 price objective on shares of EOG Resources in a report on Thursday. BidaskClub upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets reissued a “buy” rating and set a $95.00 target price on shares of EOG Resources in a research report on Friday. Zacks Investment Research raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $111.00 target price on shares of EOG Resources in a research report on Friday, July 14th.

Shares of EOG Resources (NYSE EOG) opened at 90.45 on Friday. The company’s market cap is $52.23 billion. The company has a 50 day moving average of $90.89 and a 200-day moving average of $94.81. EOG Resources has a 52-week low of $79.67 and a 52-week high of $109.37.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. EOG Resources’s quarterly revenue was up 47.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.38) EPS. Analysts forecast that EOG Resources will post $0.62 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of EOG. IHT Wealth Management LLC raised its position in shares of EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after buying an additional 41 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after buying an additional 401 shares during the last quarter. Advantage Investment Management LLC raised its position in EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 154 shares in the last quarter. Winfield Associates Inc. raised its position in EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock valued at $111,000 after buying an additional 57 shares in the last quarter. Finally, Exane Derivatives raised its position in EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 192 shares in the last quarter. Institutional investors and hedge funds own 84.95% of the company’s stock.

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About EOG Resources

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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