Citigroup Lowers EOG Resources (NYSE:EOG) Price Target to $142.00

Key Points

• Citigroup cut its price target on EOG Resources to $142 (from $150) and maintained a "neutral" rating, implying roughly a 5.65% upside from the stock's prior close.
• Analyst coverage is mixed but leans toward caution—MarketBeat shows a consensus rating of "Hold" with a consensus target of $150.22 (1 Strong Buy, 11 Buy, 18 Hold across analysts).
• EOG recently beat quarterly estimates, reporting $2.27 EPS vs. $2.20 expected and revenue of $5.64 billion vs. $5.36 billion, with a 22% net margin and an 18.67% return on equity.

EOG Resources (NYSE:EOG - Get Free Report) had its target price dropped by analysts at Citigroup from $150.00 to $142.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage presently has a "neutral" rating on the energy exploration company's stock. Citigroup's price target points to a potential upside of 5.65% from the stock's previous close.

A number of other analysts also recently commented on EOG. Zacks Research upgraded shares of EOG Resources from a "strong sell" rating to a "hold" rating in a report on Monday, March 2nd. Capital One Financial lifted their price target on shares of EOG Resources from $130.00 to $161.00 and gave the stock an "overweight" rating in a research report on Thursday, March 26th. Barclays upped their price target on EOG Resources from $133.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, March 16th. The Goldman Sachs Group cut their price objective on EOG Resources from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Thursday, January 22nd. Finally, Stephens raised their price objective on EOG Resources from $139.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $150.22.

EOG Resources Stock Down 1.9%

EOG opened at $134.41 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The company has a market capitalization of $72.01 billion, a PE ratio of 14.75, a P/E/G ratio of 2.84 and a beta of 0.32. The stock's fifty day moving average is $130.57 and its 200-day moving average is $115.65. EOG Resources has a one year low of $101.59 and a one year high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business had revenue of $5.64 billion during the quarter, compared to analysts' expectations of $5.36 billion. During the same quarter last year, the business posted $2.74 earnings per share. The company's quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts predict that EOG Resources will post 11.47 EPS for the current fiscal year.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm's stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company's stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 18,230 shares of company stock worth $2,522,568. Company insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors have recently bought and sold shares of EOG. Rockland Trust Co. raised its holdings in shares of EOG Resources by 5.1% during the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company's stock worth $27,618,000 after acquiring an additional 11,965 shares in the last quarter. Legal & General Group Plc increased its position in EOG Resources by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company's stock worth $380,562,000 after purchasing an additional 68,888 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of EOG Resources by 21.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company's stock worth $7,380,000 after purchasing an additional 11,442 shares in the last quarter. AlphaQuest LLC raised its stake in shares of EOG Resources by 1,413.5% during the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company's stock worth $2,863,000 after purchasing an additional 23,846 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of EOG Resources by 11.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 172,617 shares of the energy exploration company's stock valued at $19,354,000 after buying an additional 17,195 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

About EOG Resources

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.