EOG Resources Upgraded to Outperform by Credit Suisse (EOG)
EOG Resources (NYSE:EOG) was upgraded by equities researchers at Credit Suisse to an “outperform” rating in a research report issued on Wednesday, Analyst Ratings Net reports.
In other EOG Resources news, EVP Lloyd Helms, Jr. sold 1,258 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.26, for a total transaction of $215,445.08. Following the transaction, the executive vice president now directly owns 33,616 shares of the company’s stock, valued at approximately $5,757,076. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of EOG Resources (NYSE:EOG) opened at 171.46 on Wednesday. EOG Resources has a 52-week low of $107.76 and a 52-week high of $174.86. The stock has a 50-day moving average of $164.7 and a 200-day moving average of $142.5. The company has a market cap of $46.709 billion and a price-to-earnings ratio of 46.38.
EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 6th. The company reported $2.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.64 by $0.46. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter last year, the company posted $1.11 earnings per share. EOG Resources’s revenue was up 32.0% compared to the same quarter last year. On average, analysts predict that EOG Resources will post $7.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.19 per share. This represents a $0.75 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Tuesday, October 15th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of EOG Resources from $173.00 to $176.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Separately, analysts at Societe Generale downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a research note to investors on Tuesday, October 1st. They now have a $160.00 price target on the stock, up previously from $144.00. Finally, analysts at Barclays Capital upgraded shares of EOG Resources to a “market weight” rating in a research note to investors on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $171.83.
EOG Resources, Inc(NYSE:EOG) explores , develops, produces and markets crude oil and natural gas primarily in producing basins in the United States of America , Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom , The People’s Republic of China (China), the Argentine Republic (Argentina) and, from time to time, select other international areas.
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