EOG Resources’ (EOG) “Hold” Rating Reiterated at Jefferies Group LLC

Jefferies Group LLC reaffirmed their hold rating on shares of EOG Resources, Inc. (NYSE:EOG) in a research report released on Tuesday. The brokerage currently has a $95.00 price target on the energy exploration company’s stock. Jefferies Group also issued estimates for EOG Resources’ Q3 2017 earnings at $0.09 EPS, Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $0.63 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $1.93 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.73 EPS, Q3 2019 earnings at $0.77 EPS and FY2019 earnings at $3.00 EPS.

EOG has been the subject of a number of other research reports. Morgan Stanley upgraded shares of EOG Resources from an equal weight rating to an overweight rating and boosted their price target for the company from $97.00 to $106.00 in a research note on Tuesday, September 12th. BidaskClub upgraded shares of EOG Resources from a strong sell rating to a sell rating in a research note on Friday, June 30th. Zacks Investment Research upgraded shares of EOG Resources from a sell rating to a hold rating in a research note on Monday, July 31st. Royal Bank Of Canada set a $115.00 price target on shares of EOG Resources and gave the company a hold rating in a research note on Sunday, July 16th. Finally, Atlantic Securities upgraded shares of EOG Resources from a neutral rating to an overweight rating and boosted their price target for the company from $98.00 to $100.00 in a research note on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $108.28.

Shares of EOG Resources (EOG) traded up 0.17% during midday trading on Tuesday, hitting $96.81. 682,531 shares of the stock traded hands. The firm has a 50-day moving average price of $91.83 and a 200-day moving average price of $91.71. The stock’s market capitalization is $55.90 billion. EOG Resources has a 52 week low of $81.99 and a 52 week high of $109.37.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.38) EPS. On average, equities analysts predict that EOG Resources will post $0.62 earnings per share for the current fiscal year.

WARNING: “EOG Resources’ (EOG) “Hold” Rating Reiterated at Jefferies Group LLC” was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.truebluetribune.com/2017/10/13/eog-resources-eog-hold-rating-reiterated-at-jefferies-group-llc.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be issued a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a yield of 0.69%. The ex-dividend date is Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently -131.37%.

In other EOG Resources news, insider Gary L. Thomas sold 25,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the sale, the insider now directly owns 1,067,465 shares of the company’s stock, valued at $103,149,142.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the sale, the executive vice president now directly owns 70,987 shares in the company, valued at $6,262,473.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,578 shares of company stock worth $3,700,882. Insiders own 0.53% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. BlackRock Inc. lifted its holdings in EOG Resources by 2,098.0% during the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after purchasing an additional 34,114,299 shares during the last quarter. Capital Research Global Investors increased its position in shares of EOG Resources by 14.7% during the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after buying an additional 5,368,941 shares during the period. Ameriprise Financial Inc. increased its position in shares of EOG Resources by 64.9% during the second quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock valued at $479,202,000 after buying an additional 2,083,122 shares during the period. Capital World Investors increased its position in shares of EOG Resources by 9.9% during the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after buying an additional 1,568,085 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in shares of EOG Resources by 49.2% during the second quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock valued at $399,039,000 after buying an additional 1,452,947 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.

About EOG Resources

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

Analyst Recommendations for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply