EOG Resources (NYSE:EOG) Price Target Cut to $115.00 by Analysts at Truist Financial

EOG Resources (NYSE:EOG) had its target price lowered by investment analysts at Truist Financial from $130.00 to $115.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the energy exploration company’s stock. Truist Financial’s target price would suggest a potential downside of 9.40% from the stock’s previous close.

A number of other analysts also recently commented on EOG. Sanford C. Bernstein dropped their price objective on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Susquehanna cut their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Wolfe Research started coverage on EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. KeyCorp began coverage on shares of EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $142.50.

EOG Resources Stock Up 3.3 %

Shares of NYSE:EOG opened at $126.93 on Monday. EOG Resources has a 12-month low of $108.94 and a 12-month high of $139.67. The stock’s 50-day moving average price is $124.91 and its two-hundred day moving average price is $126.81. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The firm has a market cap of $72.95 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 3.27 and a beta of 1.28.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the previous year, the firm earned $2.49 earnings per share. EOG Resources’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts forecast that EOG Resources will post 11.91 EPS for the current year.

Insider Activity

In other news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The disclosure for this sale can be found here. In the last three months, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EOG Resources

Institutional investors have recently made changes to their positions in the company. Capital World Investors raised its holdings in shares of EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after purchasing an additional 9,455,621 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after buying an additional 1,029,727 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in EOG Resources during the second quarter worth about $106,990,000. Capital International Investors lifted its holdings in EOG Resources by 7.1% in the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock worth $1,478,401,000 after acquiring an additional 766,056 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in EOG Resources by 9.1% in the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock valued at $609,300,000 after acquiring an additional 403,676 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.