Morgan Stanley Cuts EOG Resources (NYSE:EOG) Price Target to $136.00

by · The Markets Daily

EOG Resources (NYSE:EOG – Free Report) had its price objective cut by Morgan Stanley from $141.00 to $136.00 in a report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the energy exploration company’s stock.

Several other equities analysts have also commented on EOG. Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a report on Sunday. Evercore ISI increased their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a report on Monday, October 6th. JPMorgan Chase & Co. reduced their target price on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their target price on shares of EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $143.35.

View Our Latest Analysis on EOG Resources

EOG Resources Price Performance

EOG stock opened at $107.23 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources has a one year low of $102.52 and a one year high of $138.18. The firm has a 50 day simple moving average of $116.78 and a two-hundred day simple moving average of $116.20. The stock has a market cap of $58.55 billion, a PE ratio of 10.42, a P/E/G ratio of 8.47 and a beta of 0.74.

EOG Resources (NYSE:EOG – Get Free Report) last released its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same quarter last year, the firm earned $3.16 EPS. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, analysts predict that EOG Resources will post 11.47 EPS for the current fiscal year.

Institutional Investors Weigh In On EOG Resources

A number of large investors have recently added to or reduced their stakes in EOG. StrongBox Wealth LLC lifted its position in shares of EOG Resources by 1.9% in the 2nd quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock worth $576,000 after acquiring an additional 88 shares during the period. ORG Partners LLC lifted its position in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares during the period. Ameriflex Group Inc. lifted its position in shares of EOG Resources by 31.6% in the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after acquiring an additional 91 shares during the period. Granite Harbor Advisors Inc. lifted its position in shares of EOG Resources by 3.2% in the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock worth $389,000 after acquiring an additional 94 shares during the period. Finally, FSM Wealth Advisors LLC lifted its position in shares of EOG Resources by 6.2% in the 1st quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company’s stock worth $208,000 after acquiring an additional 95 shares during the period. Institutional investors own 89.91% of the company’s stock.

About EOG Resources

(Get Free Report)

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.

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