The price of EOG Resources, Inc. (NYSE:EOG) shares last traded on Wall Street rose 0.19% to $134.03.
EOG stock price is now 13.68% away from the 50-day moving average and 10.38% away from the 200-day moving average. The market capitalization of the company currently stands at $77.74B.
With the price target reduced from $147 to $140, BofA Securities Downgraded its rating from Buy to Neutral for EOG Resources, Inc. (NYSE: EOG). On December 14, 2023, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $150 to quote $130, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Helms Lloyd W Jr, President & COO sold 4,551 shares of the company’s stock on Aug 15 ’23. The stock was sold for $595,089 at an average price of $130.76. Upon completion of the transaction, the President & COO now directly owns 145,259 shares in the company, valued at $19.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 07 ’23, EVP Exploration and Production Leitzell Jeffrey R. sold 2,031 shares of the business’s stock. A total of $238,157 was realized by selling the stock at an average price of $117.26. This leaves the insider owning 37,607 shares of the company worth $5.04 million. A total of 0.24% of the company’s stock is owned by insiders.
During the past 12 months, EOG Resources, Inc. has had a low of $104.97 and a high of $135.06. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 2.44, and a quick ratio of 2.13. According to the stock market information, the enterprise value for the company is $76.62B, which is based on a 10.30 price-to-earnings ratio, a 0.19 price-to-earnings-growth ratio, and a beta of 1.40. The fifty day moving average price for EOG is $117.90 and a two-hundred day moving average price translates $122.41 for the stock.
The latest earnings results from EOG Resources, Inc. (NYSE: EOG) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $3.07, inline with analysts’ expectations of $3.07. This compares to $3.88 EPS in the same period last year. The net profit margin was 32.63% and return on equity was 28.73% for EOG. The company reported revenue of $6.36 billion for the quarter, compared to $6.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.39 percent. For the current quarter, analysts expect EOG to generate $5.89B in revenue.
