EOG Resources, Inc. (NYSE:EOG) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• EOG Resources, Inc. has received a consensus rating of "Hold" from 25 brokerages, with 14 analysts rating it Hold, 10 rating it Buy, and 1 giving a Strong Buy.
• The average 12-month target price for EOG among brokerages is approximately $143.43, indicating moderate growth potential despite a recent stock price drop of 0.1%.
• In the latest earnings report, EOG posted $2.32 per share, surpassing estimates, but experienced a 9.1% decline in quarterly revenue year-over-year.

EOG Resources, Inc. (NYSE:EOG - Get Free Report) has been given a consensus rating of "Hold" by the twenty-five brokerages that are currently covering the company, Marketbeat.com reports. Fourteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $143.4348.

EOG has been the subject of several research reports. Weiss Ratings reissued a "hold (c)" rating on shares of EOG Resources in a report on Saturday, September 27th. Stephens began coverage on EOG Resources in a research note on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price objective for the company. Mizuho reduced their price objective on EOG Resources from $140.00 to $133.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. UBS Group upped their price objective on EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Finally, Wolfe Research reduced their price objective on EOG Resources from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday, October 1st.

Institutional Trading of EOG Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. purchased a new position in shares of EOG Resources during the 1st quarter worth approximately $242,000. UMB Bank n.a. increased its stake in EOG Resources by 4.6% in the 1st quarter. UMB Bank n.a. now owns 9,375 shares of the energy exploration company's stock valued at $1,202,000 after purchasing an additional 411 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in EOG Resources by 19.0% in the 1st quarter. Miracle Mile Advisors LLC now owns 10,727 shares of the energy exploration company's stock valued at $1,376,000 after purchasing an additional 1,709 shares in the last quarter. Daymark Wealth Partners LLC increased its stake in EOG Resources by 1.2% in the 1st quarter. Daymark Wealth Partners LLC now owns 13,995 shares of the energy exploration company's stock valued at $1,795,000 after purchasing an additional 160 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in EOG Resources by 21.1% in the 1st quarter. Farther Finance Advisors LLC now owns 4,149 shares of the energy exploration company's stock valued at $536,000 after purchasing an additional 722 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Down 0.1%

EOG Resources stock opened at $110.36 on Wednesday. EOG Resources has a fifty-two week low of $102.52 and a fifty-two 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 has a market capitalization of $60.25 billion, a P/E ratio of 10.72, a PEG ratio of 8.48 and a beta of 0.74. The stock has a 50-day simple moving average of $117.98 and a 200-day simple moving average of $117.02.

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

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.

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