In yesterday’s Wall Street session, EOG Resources Inc. (NYSE:EOG) shares traded at $123.49, up 0.86% from the previous session.
34 analysts cover EOG Resources Inc. (NYSE:EOG), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $166.00 and a low of $113.00, we find $141.00. Given the previous closing price of $122.44, this indicates a potential upside of 15.16 percent. EOG stock price is now 9.01% away from the 50-day moving average and 1.67% away from the 200-day moving average. The market capitalization of the company currently stands at $74.43B.
The stock has received a hold rating from 6 analysts and a buy rating from 25. Brokers who have rated the stock have averaged $142.71 as their price target over the next twelve months.
With the price target reduced from $137 to $130, Goldman Downgraded its rating from Buy to Neutral for EOG Resources Inc. (NYSE: EOG).
In other news, Leitzell Jeffrey R., EVP Exploration and Production sold 2,031 shares of the company’s stock on Jul 07. The stock was sold for $238,157 at an average price of $117.26. Upon completion of the transaction, the EVP Exploration and Production now directly owns 37,607 shares in the company, valued at $4.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07, President & COO Helms Lloyd W Jr sold 5,000 shares of the business’s stock. A total of $579,350 was realized by selling the stock at an average price of $115.87. This leaves the insider owning 149,689 shares of the company worth $18.49 million. Insiders disposed of 382,452 shares of company stock worth roughly $47.23 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EOG stock. A new stake in EOG Resources Inc. shares was purchased by RUFFER LLP during the first quarter worth $57,931,000. GREAT LAKES ADVISORS, LLC invested $45,373,000 in shares of EOG during the first quarter. In the first quarter, CANNELL & CO. acquired a new stake in EOG Resources Inc. valued at approximately $29,313,000. EMPOWERED FUNDS, LLC acquired a new stake in EOG for approximately $21,651,000. GALVIN, GAUSTAD & STEIN, LLC purchased a new stake in EOG valued at around $16,304,000 in the second quarter. In total, there are 1,787 active investors with 89.00% ownership of the company’s stock.
On Thursday morning EOG Resources Inc. (NYSE: EOG) stock kicked off with the opening price of $124.30. During the past 12 months, EOG Resources Inc. has had a low of $94.20 and a high of $147.74. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 2.20, and a quick ratio of 1.90. The fifty day moving average price for EOG is $113.46 and a two-hundred day moving average price translates $122.59 for the stock.
The latest earnings results from EOG Resources Inc. (NYSE: EOG) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $2.69, beating analysts’ expectations of $2.48 by 0.21. This compares to $0.67 EPS in the same period last year. The net profit margin was 34.00% and return on equity was 39.00% for EOG. The company reported revenue of $6.04 billion for the quarter, compared to $3.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 51.74 percent. For the current quarter, analysts expect EOG to generate $5.39B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/31/2023. Investors who held shares on 07/17/2023 were paid a $0.825 dividend. On an annualized basis, this represents a $3.30 dividend and a 2.67% percent yield. There was an ex-dividend date of 07/14/2023 for this dividend. In terms of dividend payout ratio, EOG is presently at 19.60%.
EOG Resources Inc.(EOG) Company Profile
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. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
