EOG Resources (NYSE:EOG) Rating Reiterated by Royal Bank of Canada

EOG Resources (NYSE:EOG)‘s stock had its “sector perform” rating reissued by analysts at Royal Bank of Canada in a research note issued on Tuesday, Benzinga reports. They presently have a $145.00 price objective on the energy exploration company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 5.11% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Raymond James decreased their price target on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Morgan Stanley lifted their price target on EOG Resources from $131.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th. Citigroup lifted their price target on EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. UBS Group decreased their price target on EOG Resources from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 14th. Finally, Mizuho decreased their price target on EOG Resources from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.29.

EOG Resources Stock Up 0.6 %

Shares of EOG Resources stock opened at $137.95 on Tuesday. The business has a 50-day moving average of $120.37 and a 200-day moving average of $121.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The company has a market capitalization of $79.35 billion, a PE ratio of 10.60 and a beta of 1.40. EOG Resources has a 1-year low of $106.32 and a 1-year high of $138.41.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.30 earnings per share. As a group, equities analysts forecast that EOG Resources will post 11.85 EPS for the current fiscal year.

Institutional Investors Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. Fortis Capital Advisors LLC acquired a new stake in shares of EOG Resources during the 4th quarter valued at $28,000. Lumature Wealth Partners LLC acquired a new stake in shares of EOG Resources during the 1st quarter valued at $28,000. McIlrath & Eck LLC lifted its position in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 104 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares during the last quarter. Finally, Peoples Bank KS acquired a new stake in shares of EOG Resources during the 3rd quarter valued at $31,000. Institutional investors own 89.91% of the company’s stock.

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.