EOG Resources (NYSE:EOG) Rating Reiterated by Benchmark

EOG Resources (NYSE:EOG - Get Free Report)'s stock had its "hold" rating reiterated by Benchmark in a research note issued to investors on Tuesday, Benzinga reports.

EOG has been the topic of a number of other research reports. Morgan Stanley raised their price target on EOG Resources from $132.00 to $133.00 and gave the stock an "equal weight" rating in a report on Monday, April 15th. Mizuho lifted their target price on EOG Resources from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, April 15th. TD Cowen upped their price target on EOG Resources from $130.00 to $144.00 and gave the stock a "hold" rating in a research note on Tuesday, April 30th. Piper Sandler lifted their price objective on shares of EOG Resources from $141.00 to $153.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the stock a "neutral" rating in a research report on Thursday, March 28th. Fourteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of "Hold" and an average target price of $142.27.

EOG Resources Stock Performance

EOG traded down $0.25 during trading on Tuesday, hitting $130.23. 3,262,261 shares of the stock were exchanged, compared to its average volume of 3,392,364. The firm has a market capitalization of $74.84 billion, a P/E ratio of 10.29 and a beta of 1.38. EOG Resources has a 1-year low of $106.32 and a 1-year high of $139.67. The stock has a fifty day moving average price of $128.17 and a two-hundred day moving average price of $122.33. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business had revenue of $6.12 billion for the quarter, compared to analysts' expectations of $5.91 billion. During the same period in the previous year, the company posted $2.69 EPS. The company's quarterly revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts predict that EOG Resources will post 12.14 earnings per share for the current year.

Hedge Funds Weigh In On EOG Resources

Hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp lifted its holdings in EOG Resources by 9.1% in the 3rd quarter. Mackenzie Financial Corp now owns 41,075 shares of the energy exploration company's stock valued at $5,103,000 after purchasing an additional 3,432 shares in the last quarter. Cambridge Trust Co. lifted its stake in shares of EOG Resources by 75.0% during the third quarter. Cambridge Trust Co. now owns 350 shares of the energy exploration company's stock valued at $44,000 after buying an additional 150 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in EOG Resources by 4.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,595 shares of the energy exploration company's stock worth $27,329,000 after acquiring an additional 9,121 shares during the last quarter. NBT Bank N A NY purchased a new stake in EOG Resources in the 3rd quarter worth approximately $368,000. Finally, Advisor Partners II LLC lifted its stake in shares of EOG Resources by 2.1% during the 3rd quarter. Advisor Partners II LLC now owns 19,092 shares of the energy exploration company's stock worth $2,420,000 after purchasing an additional 393 shares during the period. Hedge funds and other institutional investors 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.