EOG Resources Given Overweight Rating at Morgan Stanley (EOG)
EOG Resources (NYSE:EOG)‘s stock had its “overweight” rating reiterated by investment analysts at Morgan Stanley in a note issued to investors on Tuesday, AnalystRatingsNetwork reports. They currently have a $220.00 price objective on the stock, up from their previous price objective of $205.00. Morgan Stanley’s price target indicates a potential upside of 21.95% from the company’s current price.
The analysts wrote, “EOG posted a strong 4Q13, beating Consensus earnings for the 13th straight quarter, dimensioning a bigger Eagle Ford, raising its dividend, and reiterating its top-tier oil growth. We believe E&Ps will outperform as Street commodity views ‘thaw’ and EOG is poised to lead. Raising PT to $220.”
EOG Resources (NYSE:EOG) opened at 180.40 on Tuesday. EOG Resources has a 52 week low of $112.05 and a 52 week high of $188.30. The stock has a 50-day moving average of $170.4 and a 200-day moving average of $168.6. The company has a market cap of $49.245 billion and a price-to-earnings ratio of 44.17.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Monday, February 24th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.06. Analysts expect that EOG Resources will post $9.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.28%.
A number of other analysts have also recently weighed in on EOG. Analysts at EVA Dimensions LLC upgraded shares of EOG Resources from a “hold” rating to an “overweight” rating in a research note on Tuesday. Separately, analysts at UBS AG raised their price target on shares of EOG Resources from $198.00 to $203.00 in a research note on Tuesday. Finally, analysts at Deutsche Bank raised their price target on shares of EOG Resources from $179.00 to $190.00 in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $186.50.
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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