Barclays Issues Pessimistic Forecast for EOG Resources (NYSE:EOG) Stock Price

EOG Resources (NYSE:EOG) had its target price lowered by analysts at Barclays from $146.00 to $144.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the energy exploration company’s stock. Barclays‘s price target suggests a potential upside of 15.18% from the stock’s current price.

Several other research firms also recently commented on EOG. Citigroup reduced their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday. UBS Group reduced their price target on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Benchmark reiterated 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 increased their target price for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, Piper Sandler dropped their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and a consensus target price of $145.33.

EOG Resources Trading Up 2.0 %

Shares of EOG opened at $125.02 on Tuesday. EOG Resources has a twelve month low of $115.78 and a twelve month high of $139.67. The company has a market cap of $69.25 billion, a P/E ratio of 10.07, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $129.32 and its 200-day simple moving average is $127.49.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. As a group, analysts expect that EOG Resources will post 11.47 EPS for the current year.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors have recently bought and sold shares of the business. Insight Inv LLC raised its position in EOG Resources by 0.8% during the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after buying an additional 75 shares during the last quarter. Essex Financial Services Inc. lifted its stake in shares of EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after purchasing an additional 79 shares during the period. Valmark Advisers Inc. lifted its stake in shares of EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock valued at $385,000 after purchasing an additional 79 shares during the period. Deseret Mutual Benefit Administrators lifted its stake in shares of EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock valued at $121,000 after purchasing an additional 80 shares during the period. Finally, 1ST Source Bank lifted its stake in shares of EOG Resources by 1.5% in the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company’s stock valued at $656,000 after purchasing an additional 80 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

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.