EOG Resources (NYSE:EOG) Coverage Initiated by Analysts at Stephens

Analysts at Stephens began coverage on shares of EOG Resources (NYSE:EOG - Get Free Report) in a research report issued on Tuesday, MarketBeat reports. The firm set an "equal weight" rating and a $137.00 price target on the energy exploration company's stock. Stephens' price objective indicates a potential upside of 9.25% from the stock's previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their price target on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. Jefferies Financial Group reiterated a "buy" rating and set a $148.00 target price (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Mizuho cut their price target on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Wall Street Zen downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $139.48.

EOG Resources Trading Up 1.3%

NYSE EOG traded up $1.62 on Tuesday, hitting $125.40. 11,228,066 shares of the stock were exchanged, compared to its average volume of 3,386,585. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. EOG Resources has a 52-week low of $102.52 and a 52-week high of $138.18. The firm has a market capitalization of $68.44 billion, a P/E ratio of 11.63, a P/E/G ratio of 10.11 and a beta of 0.74. The stock has a fifty day moving average price of $113.15 and a two-hundred day moving average price of $121.66.

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, topping analysts' consensus estimates of $2.75 by $0.12. The firm had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.82 EPS. Research analysts forecast that EOG Resources will post 11.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the 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 completion of the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EOG. Van ECK Associates Corp raised its stake in EOG Resources by 1.7% in the 4th quarter. Van ECK Associates Corp now owns 38,882 shares of the energy exploration company's stock worth $4,766,000 after acquiring an additional 651 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in EOG Resources by 56.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after purchasing an additional 89,521 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of EOG Resources by 12.9% in the fourth quarter. Principal Securities Inc. now owns 16,260 shares of the energy exploration company's stock valued at $1,993,000 after purchasing an additional 1,860 shares during the period. Allworth Financial LP raised its stake in shares of EOG Resources by 23.0% in the fourth quarter. Allworth Financial LP now owns 9,329 shares of the energy exploration company's stock worth $1,250,000 after purchasing an additional 1,744 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth about $400,000. Institutional investors and hedge funds 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.