EOG Resources PT Raised to $130.00 (EOG)
Equities researchers at Morgan Stanley raised their price objective on shares of EOG Resources (NYSE:EOG) to $130.00 in a research report issued on Tuesday, Stock Ratings Network reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 30.98% from the company’s current price.
A number of other firms have also recently commented on EOG. Analysts at Guggenheim raised their price target on shares of EOG Resources from $90.00 to $106.00 in a research note on Wednesday, April 23rd. Separately, analysts at Raymond James raised their price target on shares of EOG Resources from $110.00 to $120.00 in a research note on Wednesday, April 23rd. Finally, analysts at Societe Generale raised their price target on shares of EOG Resources from $105.00 to $120.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $171.85.
EOG Resources (NYSE:EOG) traded up 3.49% on Tuesday, hitting $102.71. The stock had a trading volume of 4,613,632 shares. EOG Resources has a 52-week low of $62.265 and a 52-week high of $105.50. The stock’s 50-day moving average is $98.59 and its 200-day moving average is $89.47. The company has a market cap of $56.104 billion and a price-to-earnings ratio of 24.69. EOG Resources also was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 7,664,079 shares, a growth of 114.0% from the March 31st total of 3,581,638 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,928,118 shares, the short-interest ratio is currently 2.0 days.
EOG Resources (NYSE:EOG) last released its earnings data on Monday, May 5th. The company reported $1.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.20 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company posted $1.80 earnings per share. EOG Resources’s revenue was up 21.7% compared to the same quarter last year. On average, analysts predict that EOG Resources will post $5.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Thursday, July 17th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Tuesday, July 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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