EOG Resources (NYSE:EOG) PT Set at $108.00 by Guggenheim

Guggenheim set a $108.00 price target on EOG Resources (NYSE:EOG) in a report issued on Wednesday, TipRanks reports. The firm currently has a buy rating on the energy exploration company’s stock.

Several other equities analysts have also recently issued reports on EOG. ValuEngine cut shares of EOG Resources from a hold rating to a sell rating in a research report on Friday, April 26th. Susquehanna Bancshares raised shares of EOG Resources from a neutral rating to a positive rating and boosted their price objective for the stock from $107.00 to $115.00 in a research note on Monday, May 6th. TheStreet lowered shares of EOG Resources from a b- rating to a c rating in a research note on Thursday, August 15th. Wells Fargo & Co boosted their price objective on shares of EOG Resources from $101.00 to $103.00 and gave the stock an outperform rating in a research note on Monday, August 12th. Finally, Oppenheimer dropped their target price on shares of EOG Resources from $111.00 to $102.00 and set an outperform rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the stock. EOG Resources has an average rating of Buy and a consensus target price of $114.50.

Shares of NYSE EOG traded down $2.47 during midday trading on Wednesday, hitting $73.04. 601,786 shares of the company traded hands, compared to its average volume of 4,326,345. EOG Resources has a 12-month low of $73.95 and a 12-month high of $133.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. The stock has a 50-day moving average price of $83.48 and a 200 day moving average price of $90.94. The firm has a market cap of $44.53 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.69 and a beta of 1.31.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.02). EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The company had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. EOG Resources’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, equities analysts expect that EOG Resources will post 5.23 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC boosted its position in shares of EOG Resources by 131.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 156 shares during the last quarter. Knuff & Co LLC bought a new position in shares of EOG Resources during the second quarter worth $28,000. Truvestments Capital LLC bought a new position in shares of EOG Resources during the second quarter worth $33,000. Tortoise Investment Management LLC bought a new position in shares of EOG Resources during the second quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of EOG Resources during the second quarter worth $37,000. Hedge funds and other institutional investors own 87.31% of the company’s stock.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Analyst Recommendations for EOG Resources (NYSE:EOG)

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