Cowen and Company Initiates Coverage on EOG Resources (EOG)
Cowen and Company began coverage on shares of EOG Resources (NYSE:EOG) in a research note issued on Monday, Stock Ratings Network.com reports. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of EOG Resources from $204.00 to $226.00 in a research note to investors on Monday, January 13th. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $181.25.
EOG Resources (NYSE:EOG) traded down 2.07% on Monday, hitting $162.10. 1,903,088 shares of the company’s stock traded hands. EOG Resources has a 1-year low of $112.05 and a 1-year high of $188.30. The stock’s 50-day moving average is $165.2 and its 200-day moving average is $164.6. The company has a market cap of $44.249 billion and a P/E ratio of 40.53.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.32 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.73 earnings per share. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, analysts predict that EOG Resources will post $8.15 earnings per share for the current fiscal year.
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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