EOG Resources (NYSE:EOG) Price Target Raised to $135.00

EOG Resources (NYSE:EOG - Get Free Report) had its price target boosted by investment analysts at Morgan Stanley from $132.00 to $135.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the energy exploration company's stock. Morgan Stanley's price objective points to a potential upside of 19.65% from the stock's previous close.

A number of other analysts have also commented on the company. KeyCorp decreased their price objective on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. UBS Group decreased their target price on EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Susquehanna cut their price target on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Williams Trading set a $154.00 price target on EOG Resources in a research report on Wednesday, March 5th. Finally, Citigroup dropped their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $139.58.

EOG Resources Trading Up 1.3%

NYSE EOG traded up $1.49 during trading on Monday, hitting $112.83. The stock had a trading volume of 3,279,197 shares, compared to its average volume of 3,283,855. EOG Resources has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a market capitalization of $61.58 billion, a PE ratio of 9.08, a PEG ratio of 3.58 and a beta of 0.78. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $112.76 and a 200 day moving average price of $122.89.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data 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. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter in the previous year, the business earned $2.82 earnings per share. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities research analysts forecast that EOG Resources will post 11.47 earnings per share for the current year.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company's stock.

Institutional Trading of EOG Resources

Several hedge funds and other institutional investors have recently made changes to their positions in EOG. Essex Financial Services Inc. grew its position in shares of EOG Resources by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock valued at $753,000 after purchasing an additional 79 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock worth $385,000 after purchasing an additional 79 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock worth $121,000 after purchasing an additional 80 shares in the last quarter. 1ST Source Bank increased its holdings in shares of EOG Resources by 1.5% during the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after buying an additional 80 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. increased its holdings in EOG Resources by 2.0% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

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.