Royal Bank of Canada Reiterates Sector Perform Rating for EOG Resources (NYSE:EOG)

EOG Resources (NYSE:EOG)‘s stock had its “sector perform” rating restated by stock analysts at Royal Bank of Canada in a report issued on Wednesday, Benzinga reports. They currently have a $147.00 target price on the energy exploration company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 14.67% from the company’s current price.

Several other research analysts have also weighed in on EOG. Morgan Stanley boosted their price target on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. TD Cowen increased their price target on shares of EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Barclays assumed coverage on shares of EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective on the stock. Mizuho raised their target price on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $144.80.

EOG Resources Price Performance

Shares of EOG opened at $128.19 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. EOG Resources has a twelve month low of $108.94 and a twelve month high of $139.67. The stock has a market capitalization of $73.67 billion, a P/E ratio of 10.13, a P/E/G ratio of 1.74 and a beta of 1.30. The company has a 50 day moving average of $124.91 and a 200-day moving average of $122.74.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion for 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 company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.69 EPS. As a group, equities research analysts forecast that EOG Resources will post 12.05 EPS for the current fiscal year.

Insider Buying and Selling

In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,512 shares of company stock worth $2,144,972. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in EOG Resources by 0.3% in the first quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock valued at $6,938,635,000 after buying an additional 146,674 shares in the last quarter. Capital Research Global Investors grew its position in EOG Resources by 1.3% during the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock worth $3,693,261,000 after acquiring an additional 373,365 shares during the last quarter. Capital World Investors increased its holdings in EOG Resources by 5.4% in the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock worth $3,423,869,000 after purchasing an additional 1,361,538 shares in the last quarter. Capital International Investors raised its position in EOG Resources by 7.1% in the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after purchasing an additional 766,056 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of EOG Resources by 26.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after purchasing an additional 1,029,727 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

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.