EOG Resources (NYSE:EOG) Given New $136.00 Price Target at Piper Sandler

EOG Resources (NYSE:EOG - Get Free Report) had its target price dropped by analysts at Piper Sandler from $138.00 to $136.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the energy exploration company's stock. Piper Sandler's price objective points to a potential upside of 14.79% from the stock's previous close.

EOG has been the subject of a number of other reports. Stephens started coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target for the company. KeyCorp cut their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Susquehanna decreased their target price on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Mizuho dropped their price target on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, Royal Bank Of Canada reduced their price objective on EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research report on Tuesday, July 8th. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $139.14.

EOG Resources Trading Down 0.3%

Shares of NYSE:EOG traded down $0.33 during mid-day trading on Thursday, hitting $118.48. The stock had a trading volume of 2,795,606 shares, compared to its average volume of 3,417,138. The company's 50 day moving average is $117.52 and its 200-day moving average is $121.34. 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 12-month low of $102.52 and a 12-month high of $138.18. The company has a market cap of $64.66 billion, a PE ratio of 10.99, a P/E/G ratio of 9.53 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. EOG Resources's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 earnings per share. On average, sell-side analysts predict that EOG Resources will post 11.47 EPS for the current year.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On EOG Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in EOG Resources in the first quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new stake in EOG Resources during the fourth quarter valued at approximately $28,000. Saudi Central Bank bought a new stake in shares of EOG Resources in the 1st quarter valued at approximately $28,000. Raleigh Capital Management Inc. acquired a new position in shares of EOG Resources in the 2nd quarter worth approximately $29,000. Finally, Heritage Wealth Advisors raised its holdings in shares of EOG Resources by 562.2% in the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after buying an additional 208 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

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.