EOG Resources (EOG) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for EOG Resources (NYSE: EOG):

• 5/22/2023 – EOG Resources had its price target lowered by analysts at Stifel Nicolaus from $142.00 to $141.00.
• 5/19/2023 – EOG Resources was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $146.00 price target on the stock, down previously from $150.00.
• 5/18/2023 – EOG Resources is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/18/2023 – EOG Resources had its price target lowered by analysts at Piper Sandler from $171.00 to $170.00.
• 5/15/2023 – EOG Resources had its price target lowered by analysts at Jefferies Financial Group Inc. from $147.00 to $138.00.
• 4/27/2023 – EOG Resources had its price target raised by analysts at Stifel Nicolaus from $141.00 to $142.00.
• 4/21/2023 – EOG Resources had its price target raised by analysts at Raymond James from $140.00 to $150.00. They now have a “strong-buy” rating on the stock.
• 4/19/2023 – EOG Resources is now covered by analysts at UBS Group AG. They set a “buy” rating and a $152.00 price target on the stock.
• 4/13/2023 – EOG Resources was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating. They now have a $145.00 price target on the stock, down previously from $150.00.
• 4/12/2023 – EOG Resources had its price target raised by analysts at JPMorgan Chase & Co. from $139.00 to $144.00. They now have an “overweight” rating on the stock.
• 4/12/2023 – EOG Resources had its price target lowered by analysts at Stifel Nicolaus from $164.00 to $141.00. They now have a “buy” rating on the stock.
• 4/11/2023 – EOG Resources had its price target raised by analysts at Truist Financial Co. from $146.00 to $152.00. They now have a “buy” rating on the stock.

EOG Resources Price Performance

Shares of EOG opened at $112.89 on Wednesday. EOG Resources, Inc. has a 1 year low of $92.16 and a 1 year high of $150.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.17 and a quick ratio of 1.90. The company has a market capitalization of $66.02 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of 0.34 and a beta of 1.54. The business has a 50-day moving average of $114.90 and a 200-day moving average of $121.56.

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EOG Resources (NYSE:EOG – Get Rating) last released its earnings results on Friday, May 5th. The energy exploration company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.42 by $0.27. EOG Resources had a return on equity of 30.34% and a net margin of 33.83%. The business had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter last year, the firm posted $4.00 earnings per share. The firm’s revenue was up 51.7% on a year-over-year basis. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.62 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 17th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, July 14th. This represents a $3.30 annualized dividend and a yield of 2.92%. EOG Resources’s dividend payout ratio is currently 20.64%.

Institutional Investors Weigh In On EOG Resources

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its stake in EOG Resources by 16.0% in the first quarter. Cetera Investment Advisers now owns 16,031 shares of the energy exploration company’s stock valued at $1,911,000 after acquiring an additional 2,213 shares during the period. Moors & Cabot Inc. acquired a new stake in EOG Resources in the first quarter valued at approximately $404,000. Sequoia Financial Advisors LLC acquired a new stake in EOG Resources in the first quarter valued at approximately $278,000. Zions Bancorporation N.A. grew its stake in EOG Resources by 237.7% in the first quarter. Zions Bancorporation N.A. now owns 1,155 shares of the energy exploration company’s stock valued at $138,000 after acquiring an additional 813 shares during the period. Finally, Brown Brothers Harriman & Co. grew its stake in EOG Resources by 23.7% in the first quarter. Brown Brothers Harriman & Co. now owns 662 shares of the energy exploration company’s stock valued at $79,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 87.40% of the company’s stock.

EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad, and Other International geographical segments. The Other International segment includes China and Canada operations. The company was founded in 1985 and is headquartered in Houston, TX.

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