EOG Resources Given Overweight Rating at Barclays (EOG)
EOG Resources (NYSE:EOG)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays in a note issued to investors on Tuesday. They currently have a $148.00 price objective on the stock, up from their previous price objective of $147.00. Barclays’ price objective suggests a potential upside of 36.66% from the stock’s previous close.
EOG Resources (NYSE:EOG) traded down 0.80% on Tuesday, hitting $107.43. The stock had a trading volume of 540,796 shares. EOG Resources has a 1-year low of $75.695 and a 1-year high of $118.89. The stock has a 50-day moving average of $113.8 and a 200-day moving average of $101.9. The company has a market cap of $58.813 billion and a P/E ratio of 24.66.
EOG Resources (NYSE:EOG) last announced its 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. On average, analysts predict that EOG Resources will post $5.66 earnings per share 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 0.62%. The ex-dividend date of this dividend is Wednesday, October 15th. This is an increase from EOG Resources’s previous quarterly dividend of $0.13.
Several other analysts have also recently commented on the stock. 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, August 7th. 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, August 6th. 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. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $117.74.
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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