EOG Resources Given New $226.00 Price Target at Barclays (EOG)
Investment analysts at Barclays boosted their price target on shares of EOG Resources (NYSE:EOG) from $204.00 to $226.00 in a note issued to investors on Monday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target indicates a potential upside of 38.26% from the stock’s previous close.
EOG has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of EOG Resources in a research note to investors on Friday, December 27th. They now have a $176.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of EOG Resources in a research note to investors on Monday, December 9th. They now have a $179.00 price target on the stock, down previously from $196.00. Finally, analysts at Macquarie downgraded shares of EOG Resources from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, December 5th. They now have a $190.00 price target on the stock, down previously from $216.00. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $181.25.
EOG Resources (NYSE:EOG) traded down 2.01% during mid-day trading on Monday, hitting $163.46. The stock had a trading volume of 1,336,312 shares. EOG Resources has a one year low of $112.05 and a one year high of $188.30. The stock has a 50-day moving average of $164.8 and a 200-day moving average of $162.4. The company has a market cap of $44.620 billion and a P/E ratio of 40.84.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.92 by $0.40. The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the company posted $1.73 earnings per share. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Analysts expect that EOG Resources will post $8.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of 0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, January 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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