EOG Resources (NYSE:EOG) Rating Reiterated by Benchmark

EOG Resources (NYSE:EOG)‘s stock had its “hold” rating reaffirmed by Benchmark in a note issued to investors on Tuesday, Benzinga reports.

Several other equities analysts have also commented on EOG. Raymond James reduced their price objective on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. KeyCorp raised their price target on EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Morgan Stanley raised their target price on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Mizuho upped their price objective on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Fourteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $142.27.

EOG Resources Stock Down 0.3 %

Shares of NYSE:EOG opened at $129.83 on Tuesday. EOG Resources has a 1 year low of $106.32 and a 1 year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The business’s 50-day moving average is $128.17 and its 200-day moving average is $122.33. The company has a market capitalization of $74.61 billion, a price-to-earnings ratio of 10.26 and a beta of 1.38.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.69 EPS. Equities research analysts predict that EOG Resources will post 12.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EOG. McIlrath & Eck LLC grew its stake in EOG Resources by 77.6% in 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. Peoples Bank KS acquired a new position in EOG Resources in the third quarter valued at $31,000. Exchange Traded Concepts LLC grew its holdings 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 worth $30,000 after purchasing an additional 212 shares during the period. Sachetta LLC purchased a new stake in EOG Resources during the 4th quarter worth $33,000. Finally, Norwood Financial Corp acquired a new stake in shares of EOG Resources in the first quarter valued at about $37,000. 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.