EOG Resources (NYSE:EOG) PT Raised to $157.00 at KeyCorp

EOG Resources (NYSE:EOG) had its price target lifted by analysts at KeyCorp from $147.00 to $157.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the energy exploration company’s stock. KeyCorp’s price target would suggest a potential upside of 16.47% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. TD Securities dropped their price target on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Barclays assumed coverage on EOG Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price on the stock. Stifel Nicolaus lowered their price target on shares of EOG Resources from $163.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. JPMorgan Chase & Co. raised their price target on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Finally, Truist Financial decreased their price target on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Stock Performance

EOG Resources stock opened at $134.80 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. EOG Resources has a 12 month low of $106.32 and a 12 month high of $139.67. The company has a fifty day moving average price of $124.34 and a two-hundred day moving average price of $122.26. The company has a market cap of $77.54 billion, a PE ratio of 10.36 and a beta of 1.40.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). The business had revenue of $6.36 billion during 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 company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the firm posted $3.30 earnings per share. Research analysts expect that EOG Resources will post 12.07 earnings per share for the current year.

Institutional Investors Weigh In On EOG Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in EOG. Capital World Investors increased its stake in shares of EOG Resources by 59.2% in the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after purchasing an additional 9,455,621 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in EOG Resources by 26.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after acquiring an additional 1,029,727 shares during the period. Qube Research & Technologies Ltd raised its position in shares of EOG Resources by 863.4% during the third quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock valued at $139,445,000 after buying an additional 985,884 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of EOG Resources by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after buying an additional 892,951 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in EOG Resources during the third quarter worth about $71,596,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.