EOG Resources (NYSE:EOG) Downgraded to “Neutral” at Piper Sandler

EOG Resources (NYSE:EOG) was downgraded by Piper Sandler from an “overweight” rating to a “neutral” rating in a report released on Tuesday, Marketbeat reports. They presently have a target price on the energy exploration company’s stock, down from their previous target price of .

A number of other analysts have also commented on the stock. Royal Bank of Canada cut their price objective on shares of EOG Resources from $110.00 to $78.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 10th. Cfra lowered shares of EOG Resources from a “strong-buy” rating to a “buy” rating and cut their price objective for the stock from $91.00 to $63.00 in a research report on Monday, March 9th. Barclays cut their price objective on shares of EOG Resources from $132.00 to $111.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. ValuEngine lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Friday, March 6th. Finally, Citigroup cut their price objective on shares of EOG Resources from $56.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $80.45.

Shares of EOG stock traded down $0.16 during trading on Tuesday, reaching $39.53. The company’s stock had a trading volume of 9,258,269 shares, compared to its average volume of 6,036,100. The business has a fifty day moving average price of $57.83 and a 200-day moving average price of $71.70. The company has a quick ratio of 1.00, a current ratio of 1.18 and a debt-to-equity ratio of 0.19. The company has a market cap of $23.17 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 1.72 and a beta of 1.49. EOG Resources has a one year low of $27.00 and a one year high of $107.89.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, February 27th. The energy exploration company reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.20. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.44 billion. EOG Resources had a net margin of 15.74% and a return on equity of 13.89%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 earnings per share. Research analysts anticipate that EOG Resources will post 2.47 EPS for the current year.

In other EOG Resources news, Director Charles R. Crisp sold 420 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $86.49, for a total value of $36,325.80. Following the transaction, the director now directly owns 50,296 shares in the company, valued at $4,350,101.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in EOG. Paradigm Asset Management Co. LLC increased its position in EOG Resources by 8.6% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 1,900 shares of the energy exploration company’s stock valued at $159,000 after purchasing an additional 150 shares during the period. Inverness Counsel LLC NY increased its position in EOG Resources by 0.9% during the 4th quarter. Inverness Counsel LLC NY now owns 20,652 shares of the energy exploration company’s stock valued at $1,730,000 after purchasing an additional 175 shares during the period. Coastal Investment Advisors Inc. increased its position in EOG Resources by 35.9% during the 4th quarter. Coastal Investment Advisors Inc. now owns 685 shares of the energy exploration company’s stock valued at $48,000 after purchasing an additional 181 shares during the period. PFG Advisors increased its position in EOG Resources by 1.2% during the 4th quarter. PFG Advisors now owns 16,491 shares of the energy exploration company’s stock valued at $1,440,000 after purchasing an additional 195 shares during the period. Finally, Simon Quick Advisors LLC increased its position in EOG Resources by 30.2% during the 4th quarter. Simon Quick Advisors LLC now owns 975 shares of the energy exploration company’s stock valued at $82,000 after purchasing an additional 226 shares during the period. Hedge funds and other institutional investors own 87.83% of the company’s stock.

EOG Resources Company Profile

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.

Recommended Story: How Do You Calculate Return on Investment (ROI)?

Analyst Recommendations for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.