EOG Resources (NYSE:EOG) Given Hold Rating at Jefferies Financial Group

EOG Resources (NYSE:EOG)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a note issued to investors on Wednesday, January 30th. They currently have a $105.00 target price on the energy exploration company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 8.53% from the stock’s current price. Jefferies Financial Group also issued estimates for EOG Resources’ Q4 2018 earnings at $1.38 EPS, FY2018 earnings at $5.69 EPS, Q1 2019 earnings at $1.07 EPS, Q2 2019 earnings at $1.20 EPS, Q3 2019 earnings at $1.33 EPS, Q4 2019 earnings at $1.22 EPS, Q1 2020 earnings at $1.13 EPS, Q2 2020 earnings at $1.36 EPS, Q3 2020 earnings at $1.53 EPS, Q4 2020 earnings at $1.64 EPS and FY2020 earnings at $5.67 EPS.

A number of other research analysts have also recently issued reports on the company. Raymond James lowered their price objective on EOG Resources from $162.00 to $145.00 and set an “outperform” rating for the company in a research note on Tuesday, November 6th. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Tuesday, October 16th. MKM Partners assumed coverage on EOG Resources in a research note on Wednesday, December 5th. They set a “buy” rating and a $133.00 price objective for the company. ValuEngine cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Finally, Barclays boosted their price target on EOG Resources from $140.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, November 15th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. EOG Resources has a consensus rating of “Buy” and an average price target of $131.04.

Shares of EOG stock opened at $96.75 on Wednesday. The company has a market capitalization of $54.63 billion, a PE ratio of 86.38, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 1.09. EOG Resources has a fifty-two week low of $82.04 and a fifty-two week high of $133.53.

In other EOG Resources news, EVP Ezra Y. Yacob sold 2,388 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $98.77, for a total transaction of $235,862.76. Following the completion of the transaction, the executive vice president now owns 45,424 shares in the company, valued at approximately $4,486,528.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank G. Wisner sold 3,150 shares of EOG Resources stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $92.60, for a total value of $291,690.00. Following the completion of the transaction, the director now owns 116,586 shares of the company’s stock, valued at approximately $10,795,863.60. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Security National Bank boosted its holdings in EOG Resources by 2.3% during the 3rd quarter. Security National Bank now owns 28,860 shares of the energy exploration company’s stock valued at $3,682,000 after acquiring an additional 649 shares during the period. PFG Advisors purchased a new position in EOG Resources during the 4th quarter valued at $1,274,000. Shaker Investments LLC OH boosted its holdings in EOG Resources by 47.4% during the 3rd quarter. Shaker Investments LLC OH now owns 9,200 shares of the energy exploration company’s stock valued at $1,174,000 after acquiring an additional 2,960 shares during the period. Resources Management Corp CT ADV purchased a new position in EOG Resources during the 3rd quarter valued at $158,000. Finally, Culbertson A N & Co. Inc. boosted its holdings in EOG Resources by 3.2% during the 3rd quarter. Culbertson A N & Co. Inc. now owns 39,629 shares of the energy exploration company’s stock valued at $5,055,000 after acquiring an additional 1,230 shares during the period. Hedge funds and other institutional investors own 86.41% of the company’s stock.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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