EOG Resources' (EOG) "Sector Perform" Rating Reiterated at Royal Bank of Canada

EOG Resources (NYSE:EOG - Get Free Report)'s stock had its "sector perform" rating restated by Royal Bank of Canada in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $145.00 price objective on the energy exploration company's stock. Royal Bank of Canada's price objective points to a potential upside of 5.80% from the company's previous close.

A number of other analysts also recently commented on EOG. TD Securities decreased their target price on EOG Resources from $135.00 to $130.00 and set a "hold" rating on the stock in a research report on Friday, February 23rd. Raymond James decreased their target price on EOG Resources from $148.00 to $145.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, January 24th. Truist Financial decreased their target price on EOG Resources from $165.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday. Stifel Nicolaus decreased their target price on EOG Resources from $163.00 to $153.00 and set a "buy" rating on the stock in a research report on Friday, March 22nd. Finally, Piper Sandler decreased their target price on EOG Resources from $153.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, March 7th. Eleven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.10.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $1.60 during trading on Tuesday, reaching $137.05. The company's stock had a trading volume of 2,807,450 shares, compared to its average volume of 3,484,655. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources has a 12-month low of $106.32 and a 12-month high of $137.21. The company has a market capitalization of $78.83 billion, a P/E ratio of 10.50 and a beta of 1.40. The business has a 50 day moving average price of $119.48 and a 200-day moving average price of $121.48.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.30 earnings per share. As a group, sell-side analysts anticipate that EOG Resources will post 11.85 EPS for the current year.

Hedge Funds Weigh In On EOG Resources

A number of large investors have recently modified their holdings of the company. CENTRAL TRUST Co lifted its holdings in shares of EOG Resources by 0.8% in the 3rd quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company's stock worth $1,019,000 after purchasing an additional 74 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of EOG Resources by 3.0% in the 3rd quarter. Ballentine Partners LLC now owns 2,614 shares of the energy exploration company's stock worth $331,000 after purchasing an additional 75 shares during the last quarter. Covestor Ltd lifted its holdings in shares of EOG Resources by 7.2% in the 3rd quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company's stock worth $154,000 after purchasing an additional 82 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of EOG Resources by 1.0% in the 3rd quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company's stock worth $1,118,000 after purchasing an additional 84 shares during the last quarter. Finally, White Pine Capital LLC lifted its holdings in shares of EOG Resources by 2.2% in the 4th quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company's stock worth $511,000 after purchasing an additional 85 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other 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.