Susquehanna Cuts EOG Resources (NYSE:EOG) Price Target to $156.00

EOG Resources (NYSE:EOG - Get Free Report) had its price objective lowered by stock analysts at Susquehanna from $161.00 to $156.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "positive" rating on the energy exploration company's stock. Susquehanna's price target would suggest a potential upside of 37.97% from the stock's previous close.

EOG has been the subject of several other reports. Barclays reduced their price target on EOG Resources from $146.00 to $144.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. Morgan Stanley reduced their target price on shares of EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Benchmark restated a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Royal Bank of Canada upgraded shares of EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, Mizuho reissued a "neutral" rating and set a $140.00 target price (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Twelve investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $141.25.

EOG Resources Stock Down 0.3 %

Shares of EOG stock traded down $0.39 on Tuesday, hitting $113.07. The stock had a trading volume of 2,093,424 shares, compared to its average volume of 3,238,478. EOG Resources has a one year low of $102.52 and a one year high of $138.18. The business has a 50 day moving average price of $120.51 and a 200 day moving average price of $125.74. The company has a market cap of $62.36 billion, a PE ratio of 9.10, a P/E/G ratio of 3.58 and a beta of 0.93. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Research analysts anticipate that EOG Resources will post 11.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction 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 sale, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On EOG Resources

Institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. grew its position in shares of EOG Resources by 15.7% during the 3rd quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company's stock valued at $226,000 after acquiring an additional 250 shares during the period. Chelsea Counsel Co. boosted its position in EOG Resources by 2.0% during the third quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company's stock worth $641,000 after acquiring an additional 100 shares during the last quarter. World Investment Advisors LLC purchased a new stake in EOG Resources during the 3rd quarter valued at about $730,000. Wilmington Savings Fund Society FSB raised its holdings in EOG Resources by 26.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company's stock valued at $8,822,000 after acquiring an additional 15,186 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in EOG Resources by 4.7% in the 3rd quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company's stock valued at $7,227,000 after acquiring an additional 2,634 shares during the last quarter. 89.91% of the stock is 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.