EOG Resources Rating Reiterated by Raymond James (EOG)
EOG Resources (NYSE:EOG)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Raymond James in a research note issued to investors on Wednesday. They currently have a $133.00 target price on the stock, up from their previous target price of $130.00. Raymond James’ price objective points to a potential upside of 24.72% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of EOG Resources in a research note on Friday, July 18th. They now have a $125.00 price target on the stock, up previously from $118.00. Separately, analysts at Sanford C. Bernstein downgraded shares of EOG Resources from an “outperform” rating to a “market perform” rating in a research note on Friday, July 18th. Finally, analysts at Bernstein downgraded shares of EOG Resources from an “outperform” rating to a “market perform” rating in a research note on Friday, July 18th. They now have a $109.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $116.79.
EOG Resources (NYSE:EOG) traded down 1.83% during mid-day trading on Wednesday, hitting $106.64. The stock had a trading volume of 5,007,652 shares. EOG Resources has a 52 week low of $75.695 and a 52 week high of $118.89. The stock has a 50-day moving average of $114.7 and a 200-day moving average of $101.5. The company has a market cap of $58.279 billion and a price-to-earnings ratio of 25.15.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.13. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the previous year, the company posted $2.10 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts expect that EOG Resources will post $5.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.63%.
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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