EOG Resources Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:EOG)
EOG Resources (NYSE:EOG) has received a consensus rating of “Buy” from the thirty analysts that are presently covering the company, ARN reports. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $116.91.
EOG has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of EOG Resources from $106.00 to $114.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of EOG Resources in a research note on Wednesday. They now have a $133.00 price target on the stock, up previously from $130.00. Finally, 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.
EOG Resources (NYSE:EOG) opened at 107.78 on Tuesday. EOG Resources has a one year low of $75.695 and a one year high of $118.89. The stock’s 50-day moving average is $114. and its 200-day moving average is $101.6. The company has a market cap of $59.005 billion and a P/E ratio of 24.15.
EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 5th. The company reported $1.45 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $2.10 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts expect that EOG Resources will post $5.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Wednesday, October 15th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.13.
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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