Analysts at MKM Partners, assumed coverage of EOG Resources, Inc. (NYSE:EOG) with Buy recommendation, according to their opinion released on December 06. Credit Suisse analysts bumped their recommendation on EOG stock from Neutral to Outperform in a separate flash note to investors on November 16.
By watching the trading activity of corporate insiders, it will become easier to get a sense of EOG Resources, Inc. (NYSE:EOG)’s prospects. The earliest insider trade took place on 09/28/2018. Trice David W parted with a total of 2.49 thousand shares of company at average share price of $127.44. The total for the sales was set at $317.2 thousand. After this transaction, the EVP Exploration and Production account balance stood at 74.81 thousand shares. The stock lost -19.86 percent since that insider sale. On 09/11/2018, Crisp Charles R, Director, sold 1.79 thousand shares at a price per share of $116.8. This removed 209.31 thousand shares from the insider’s fortune and the stock saw a -12.56 percent retreat in value since the news became public. This transaction left 46.49 thousand shares in the Director account. On 08/10/2018, Chairman & CEO Thomas William R. performed a sale transaction worth $6.98 million. This sale at $122.36 each has eliminated 57.07 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -16.53 percent decrease since the transaction was reported. The insider now is left with 612.7 thousand shares remaining in the account. Textor Donald F, who performs the Director job, sold 1.86 thousand shares for $229.05 thousand. The disposal occurred on 06/28/2018 was priced at $122.88 per share. The share price plunged -16.89 percent since the reporting date. Textor Donald F now left with a stake of 132.03 thousand EOG stock worth $13.48 million after the insider selling.
EOG Resources, Inc. (EOG) is expected to jump by 37.43 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $185-month high price target. This represents a whopping 81.14 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $138, which represents a return potential of 35.12 percent when compared to the closing price of the stock of $102.13 on Thursday, December 06. The lowest price target for the stock is $108 — slightly more than 5.75 percent from EOG’s current share price.
The shares are currently floating around the first support level of $100.36. Below this, the next support is placed in the zone of $98.6. Till the time, the EOG stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 42.77 on daily chart, which may remain a cause for concern. If the price breaks below $98.6 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $103.09 mark may result into a pull-back move towards $104.06 level.
EOG shares dropped -1.94 points or -1.86 percent on Thursday to $102.13 with a heavy trade volume of 4.823 million shares. After opening the session at $101.45, the shares went as high as $102.29 and as low as $99.56, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $60.5 billion and now has 592.03 million shares outstanding. EOG Resources, Inc. (EOG) stock has lost -3.97 percent of market value in 21 trading days.
EOG stock has a trailing 3-year beta of 1.22, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $4.75 a share in the trailing twelve months. The stock’s value has fallen -5.36 percent year to date (YTD) against a rise of 1.22 percent in 12 month’s time. The company’s shares still trade -23.51 percent away from its 1-year high of $133.53 and 5.79 percent up from 52-week low of $96.54. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Shares of EOG Resources, Inc. (EOG) are trading at a P/E ratio of 21.47 times earnings reported for the past 12 months. The industry EOG operates in has an average P/E of 16.71. Its P/E ratio went as low as 17.32X and as high as 163.23 over the 5-year span. Further, it is sporting a 3.78 on the Price-to-Sales ratio. Compare this with the industry average P/S of 99.8. 54.9 percent is the gross profit margin for EOG Resources, Inc. and operating margin sits at 23.9 percent. Along with this, the net profit margin is 31 percent.
EOG will be showing off its Q4 earnings on March 04. Analysts are forecasting revenue to climb 39.2 percent to $4.65B in the next fiscal quarter, while earnings are seen soaring by nearly 133.33 percent to $1.61 per share. History has shown that shares in EOG Resources, Inc. have gone down on 21 different earnings reaction days and are predicted to add 0.03 percent when the company reports upcoming earnings. In last reported earnings results, it earned $1.75 per share, better than the $1.52, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $4.78B, better than the $4.55B analysts expected. Earnings are estimated to increase by 133.4 percent this year, 21.19 percent next year and continue to increase by 0 percent annually for the next 5 years.