EOG Resources (NYSE:EOG) Earns Equal Weight Rating from Analysts at Stephens

Stock analysts at Stephens started coverage on shares of EOG Resources (NYSE:EOG - Get Free Report) in a report released on Tuesday,Briefing.com Automated Import reports. The firm set an "equal weight" rating and a $137.00 price target on the energy exploration company's stock. Stephens' price objective suggests a potential upside of 11.21% from the stock's current price.

Several other brokerages also recently weighed in on EOG. Barclays increased their target price on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Bank of America decreased their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Mizuho dropped their target price on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company upped their price target on EOG Resources from $146.00 to $148.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, UBS Group reiterated a "buy" rating and issued a $140.00 price objective (up from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of "Moderate Buy" and an average target price of $139.95.

EOG Resources Stock Down 1.7%

Shares of NYSE EOG opened at $123.20 on Tuesday. The stock has a market cap of $67.24 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 3.58 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 business has a 50-day moving average price of $112.36 and a 200 day moving average price of $121.68. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. EOG Resources's revenue for the quarter was down 7.4% on a year-over-year basis. Equities research analysts forecast that EOG Resources will post 11.47 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On EOG Resources

Institutional investors have recently bought and sold shares of the business. eCIO Inc. acquired a new position in shares of EOG Resources during the 1st quarter valued at $195,000. Modern Wealth Management LLC purchased a new position in EOG Resources in the first quarter valued at about $229,000. Strs Ohio purchased a new position in EOG Resources in the first quarter valued at about $17,408,000. Ellsworth Advisors LLC lifted its stake in shares of EOG Resources by 1.2% during the first quarter. Ellsworth Advisors LLC now owns 13,829 shares of the energy exploration company's stock worth $1,773,000 after purchasing an additional 164 shares in the last quarter. Finally, Indiana Trust & Investment Management Co grew its stake in shares of EOG Resources by 56.2% in the first quarter. Indiana Trust & Investment Management Co now owns 417 shares of the energy exploration company's stock valued at $53,000 after buying an additional 150 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

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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