EOG Resources PT Raised to $206.00 (EOG)
Equities research analysts at RBC Capital lifted their target price on shares of EOG Resources (NYSE:EOG) from $182.00 to $206.00 in a research note issued to investors on Wednesday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would indicate a potential upside of 11.96% from the company’s current price.
A number of other analysts have also recently weighed in on EOG. Analysts at Wunderlich raised their price target on shares of EOG Resources from $162.00 to $170.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Societe Generale upgraded shares of EOG Resources from a “sell” rating to a “buy” rating in a research note on Tuesday. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of EOG Resources in a research note on Tuesday. They now have a $220.00 price target on the stock, up previously from $205.00. Ten research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $188.27.
Shares of EOG Resources (NYSE:EOG) opened at 184.00 on Wednesday. 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 $171.0 and a 200-day moving average of $168.8. The company has a market cap of $50.227 billion and a price-to-earnings ratio of 44.17.
EOG Resources (NYSE:EOG) last released its earnings data on Monday, February 24th. The company reported $2.00 earnings per share for the quarter, beating the analysts’ 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. Investors 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 0.27%. The ex-dividend date is Monday, April 14th. This is an increase from EOG Resources’s previous quarterly dividend of $0.09.
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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