EOG Resources Inc (NYSE:EOG) had its price target cut by stock analysts at Barclays from $77.00 to $61.00 in a research report issued to clients and investors on Thursday, Market Beat reports. The brokerage currently has an “overweight” rating on the energy exploration company’s stock. Barclays’ price objective points to a potential downside of 11.71% from the stock’s current price.

A number of large investors have recently bought and sold shares of EOG. Linscomb & Williams Inc. boosted its stake in EOG Resources by 13.4% in the fourth quarter. Linscomb & Williams Inc. now owns 4,013 shares of the energy exploration company’s stock valued at $284,000 after buying an additional 473 shares during the last quarter. Atria Investments acquired a new position in EOG Resources during the fourth quarter worth $273,000. Banced Corp raised its position in EOG Resources by 13.5% in the fourth quarter. Banced Corp now owns 4,203 shares of the energy exploration company’s stock worth $298,000 after buying an additional 501 shares during the period. VSR Financial Services Inc. acquired a new position in EOG Resources during the fourth quarter worth $345,000. Finally, Quadrant Capital Group LLC raised its position in EOG Resources by 114.4% in the fourth quarter. Quadrant Capital Group LLC now owns 5,369 shares of the energy exploration company’s stock worth $374,000 after buying an additional 2,865 shares during the period.

Other analysts have also issued research reports about the company. Susquehanna increased their price objective on EOG Resources from $89.00 to $99.00 and gave the company a “positive” rating in a report on Wednesday, November 11th. Vetr upgraded EOG Resources from a “sell” rating to a “hold” rating and set a $86.21 price objective for the company in a report on Monday, October 12th. Argus cut their target price on EOG Resources from $110.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Citigroup Inc. raised their target price on EOG Resources from $86.00 to $88.00 and gave the stock a “neutral” rating in a research note on Friday, November 6th. Finally, RBC Capital raised their target price on EOG Resources from $80.00 to $92.00 and gave the stock an “outperform” rating in a research note on Monday, November 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. EOG Resources currently has an average rating of “Buy” and a consensus target price of $90.14.

Shares of EOG Resources (NYSE:EOG) traded down 2.72% during trading on Thursday, hitting $69.09. The stock had a trading volume of 4,489,147 shares. The firm has a 50 day moving average price of $68.34 and a 200 day moving average price of $76.97. The firm’s market cap is $37.98 billion. EOG Resources has a 12-month low of $57.15 and a 12-month high of $101.36.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 5th. The energy exploration company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.30) by $0.32. During the same quarter in the prior year, the company posted $1.31 EPS. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.56 billion. The business’s revenue for the quarter was down 57.6% on a year-over-year basis. On average, equities analysts expect that EOG Resources will post $0.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 29th. Investors of record on Friday, January 15th were issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, January 13th.

EOG Resources, Inc. (NYSE:EOG), is engaged in the exploration, development, production and marketing of crude oil and natural gas. The Company operates in producing basins in the United States, Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China) and the Argentine Republic (Argentina), among others. As of December 31, 2014, EOG’s total estimated net proved reserves were 2,497 million barrels of oil equivalent (MMBoe), of which 1,140 million barrels (MMBbl) are crude oil and condensate reserves, 467 MMBbl are natural gas liquids (NGLs) reserves and 5,343 billion cubic feet, or 890 MMBoe, are natural gas reserves. As of December 31, 2014, approximately 97% of the Company’s net proved reserves, on a crude oil equivalent basis, are located in the United States and 3% in Trinidad. Its operations are focused in the basins in the United States, with a focus on crude oil.

12 Month Chart for NYSE:EOG

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