EOG Resources, Inc. (NYSE:EOG) Receives Average Rating of “Moderate Buy” from Analysts
Shares of EOG Resources, Inc. (NYSE:EOG – Get Free Report) have received an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $148.05.
Several equities research analysts have recently weighed in on EOG shares. Jefferies Financial Group increased their price objective on EOG Resources from $141.00 to $147.00 and gave the company a “buy” rating in a report on Monday, August 28th. Piper Sandler increased their price target on EOG Resources from $157.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, November 16th. Sanford C. Bernstein downgraded EOG Resources from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $155.00 to $146.00 in a report on Tuesday, October 17th. Tudor, Pickering, Holt & Co. downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Bank of America increased their price target on EOG Resources from $143.00 to $147.00 in a report on Wednesday, September 27th.
Get Our Latest Stock Analysis on EOG
Institutional Trading of EOG Resources
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new stake in EOG Resources during the 2nd quarter worth about $25,000. Fortis Capital Advisors LLC purchased a new stake in EOG Resources during the 4th quarter worth about $28,000. Pinnacle Holdings LLC purchased a new stake in EOG Resources during the 1st quarter worth about $25,000. Lumature Wealth Partners LLC purchased a new stake in EOG Resources during the 1st quarter worth about $28,000. Finally, McIlrath & Eck LLC increased its position in EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.
EOG Resources Price Performance
EOG stock opened at $123.60 on Friday. The company has a market capitalization of $72.08 billion, a P/E ratio of 9.18, a PEG ratio of 0.35 and a beta of 1.44. EOG Resources has a twelve month low of $98.52 and a twelve month high of $142.49. The business has a 50 day simple moving average of $126.14 and a 200-day simple moving average of $123.20. The company has a current ratio of 2.43, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14.
EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $3.44 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.49. The business had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 26.80% and a net margin of 32.11%. As a group, equities analysts anticipate that EOG Resources will post 12.12 EPS for the current year.
EOG Resources Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.94%. This is a boost from EOG Resources’s previous quarterly dividend of $0.83. EOG Resources’s dividend payout ratio (DPR) is currently 24.52%.
EOG Resources Company Profile (Get Free Report
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.
Further Reading
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