EOG Resources Inc. Hits New 52-Week High at $174.94 (EOG)
Shares of EOG Resources (NYSE:EOG) hit a new 52-week high on Thursday, Stock Ratings News reports. The company traded as high as $174.94 and last traded at $173.84, with a volume of 1,072,143 shares trading hands. The stock had previously closed at $171.52.
A number of research firms have recently commented on EOG. Analysts at Credit Suisse upgraded shares of EOG Resources from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $210.00 price target on the stock, up previously from $175.00. Separately, 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. Finally, 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. 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 assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $173.36.
EOG Resources has a one year low of $107.76 and a one year high of $174.86. The stock’s 50-day moving average is $165.3 and its 200-day moving average is $142.. The company has a market cap of $47.610 billion and a price-to-earnings ratio of 46.39.
EOG Resources (NYSE:EOG) last released its earnings data 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.
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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