EOG Resources' (EOG) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• EOG Resources' stock rating was reaffirmed as "hold (c)" by Weiss Ratings, indicating a neutral outlook on the company's stock performance.
• Analyst consensus shows a "Hold" rating with a target price of $143.43, while notable recent price targets from KeyCorp and Evercore ISI range from $138.00 to $149.00.
• EOG Resources reported earnings of $2.32 EPS, surpassing expectations, but its quarterly revenue declined by 9.1% compared to the previous year.

EOG Resources (NYSE:EOG - Get Free Report)'s stock had its "hold (c)" rating restated by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

EOG has been the subject of several other research reports. KeyCorp reduced their target price on shares of EOG Resources from $140.00 to $138.00 and set an "overweight" rating for the company in a research note on Wednesday, September 3rd. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Melius began coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a "buy" rating and a $173.00 target price for the company. Barclays set a $136.00 price objective on shares of EOG Resources and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Evercore ISI raised their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the company an "outperform" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $143.43.

EOG Resources Stock Up 0.0%

Shares of NYSE EOG opened at $110.49 on Wednesday. The company has a market capitalization of $60.33 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 8.53 and a beta of 0.74. EOG Resources has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The company's 50 day moving average price is $117.77 and its 200-day moving average price is $116.97.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the previous year, the company earned $3.16 EPS. EOG Resources's quarterly revenue was down 9.1% compared to the same quarter last year. Equities analysts forecast that EOG Resources will post 11.47 earnings per share for the current year.

Institutional Trading of EOG Resources

Large investors have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise bought a new stake in EOG Resources in the first quarter valued at $26,000. Saudi Central Bank bought a new stake in shares of EOG Resources during the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company's stock valued at $26,000 after buying an additional 219 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of EOG Resources during the 2nd quarter valued at $29,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of EOG Resources during the 1st quarter valued at $34,000. Institutional investors own 89.91% of the company's stock.

About EOG Resources

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.

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