TD Cowen Raises EOG Resources (NYSE:EOG) Price Target to $144.00

EOG Resources (NYSE:EOG) had its price objective increased by TD Cowen from $130.00 to $144.00 in a report released on Tuesday morning, Benzinga reports. They currently have a hold rating on the energy exploration company’s stock.

A number of other equities research analysts have also recently weighed in on EOG. Susquehanna upped their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the company a positive rating in a research note on Monday, April 22nd. Barclays began coverage on EOG Resources in a research report on Wednesday, April 10th. They set an equal weight rating and a $144.00 price target on the stock. Mizuho increased their price objective on EOG Resources from $138.00 to $140.00 and gave the company a buy rating in a report on Monday, April 15th. Morgan Stanley lifted their target price on shares of EOG Resources from $132.00 to $133.00 and gave the company an equal weight rating in a report on Monday, April 15th. Finally, Bank of America cut shares of EOG Resources from a buy rating to a neutral rating and decreased their price target for the stock from $147.00 to $140.00 in a research note on Friday, January 5th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources has an average rating of Hold and a consensus target price of $142.27.

EOG Resources Stock Performance

Shares of EOG stock opened at $130.02 on Tuesday. The firm has a 50 day moving average of $127.11 and a two-hundred day moving average of $122.60. The stock has a market capitalization of $74.79 billion, a PE ratio of 9.99 and a beta of 1.38. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources has a 52 week low of $106.32 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period in the prior year, the firm earned $2.69 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, research analysts predict that EOG Resources will post 12.14 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.80%. EOG Resources’s payout ratio is currently 27.98%.

Institutional Trading of EOG Resources

A number of institutional investors have recently bought and sold shares of EOG. Wright Investors Service Inc. boosted its position in shares of EOG Resources by 0.8% in the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after buying an additional 80 shares in the last quarter. Covestor Ltd lifted its holdings in shares of EOG Resources by 7.2% in the third quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock valued at $154,000 after purchasing an additional 82 shares in the last quarter. Field & Main Bank grew its position in shares of EOG Resources by 1.4% in the first quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock valued at $788,000 after purchasing an additional 83 shares during the last quarter. ORG Partners LLC increased its stake in shares of EOG Resources by 1.0% during the 3rd quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock worth $1,118,000 after purchasing an additional 84 shares in the last quarter. Finally, PDS Planning Inc raised its position in shares of EOG Resources by 4.1% during the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock worth $275,000 after purchasing an additional 84 shares during the last quarter. 89.91% of the stock is currently 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.