EOG Resources (NYSE:EOG) PT Raised to $178.00

EOG Resources (NYSE:EOGGet Rating) had its price objective raised by stock analysts at Truist Financial from $150.00 to $178.00 in a note issued to investors on Thursday, The Fly reports. Truist Financial’s price target would indicate a potential upside of 53.29% from the stock’s current price.

A number of other analysts also recently issued reports on EOG. MKM Partners lifted their price target on EOG Resources from $114.00 to $127.00 in a research report on Monday, February 28th. StockNews.com assumed coverage on EOG Resources in a research report on Thursday, March 31st. They set a “buy” rating for the company. Credit Suisse Group lifted their price target on EOG Resources from $110.00 to $122.00 and gave the company an “outperform” rating in a research report on Friday, February 25th. Royal Bank of Canada lifted their price target on EOG Resources from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, March 7th. Finally, Raymond James raised their price objective on EOG Resources from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, March 23rd. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $127.05.

Shares of NYSE EOG opened at $116.12 on Thursday. EOG Resources has a 52 week low of $62.81 and a 52 week high of $127.94. The business has a 50-day simple moving average of $117.94 and a two-hundred day simple moving average of $103.15. The company has a quick ratio of 1.98, a current ratio of 2.12 and a debt-to-equity ratio of 0.23. The company has a market cap of $67.98 billion, a P/E ratio of 14.55, a P/E/G ratio of 0.31 and a beta of 1.79.

EOG Resources (NYSE:EOGGet Rating) last issued its earnings results on Thursday, February 24th. The energy exploration company reported $3.09 EPS for the quarter, missing the consensus estimate of $3.21 by ($0.12). EOG Resources had a return on equity of 23.50% and a net margin of 25.02%. The company had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 103.8% compared to the same quarter last year. Equities research analysts anticipate that EOG Resources will post 13.98 EPS for the current year.

In related news, CAO Ann D. Janssen sold 3,688 shares of EOG Resources stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $121.96, for a total transaction of $449,788.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jeffrey R. Leitzell sold 4,662 shares of EOG Resources stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $121.48, for a total value of $566,339.76. The disclosure for this sale can be found here. Insiders have sold 19,677 shares of company stock worth $2,343,086 over the last three months. Insiders own 0.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Rational Advisors LLC boosted its holdings in EOG Resources by 102.0% in the fourth quarter. Rational Advisors LLC now owns 303 shares of the energy exploration company’s stock worth $27,000 after acquiring an additional 153 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of EOG Resources in the fourth quarter worth $27,000. JCIC Asset Management Inc. purchased a new position in shares of EOG Resources in the fourth quarter worth $31,000. Equitec Proprietary Markets LLC purchased a new position in shares of EOG Resources in the fourth quarter worth $31,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of EOG Resources in the fourth quarter worth $32,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Company Profile (Get Rating)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

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