A number of firms have modified their ratings and price targets on shares of EOG Resources (NYSE: EOG) recently:

  • 9/19/2016 – EOG Resources was given a new $108.00 price target on by analysts at FBR & Co. They now have a “buy” rating on the stock.
  • 9/13/2016 – EOG Resources is now covered by analysts at FBR & Co. They set an “outperform” rating and a $108.00 price target on the stock.
  • 9/12/2016 – EOG Resources had its “hold” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $90.00 price target on the stock.
  • 9/9/2016 – EOG Resources had its “overweight” rating reaffirmed by analysts at Simmons. They now have a $109.00 price target on the stock, up previously from $103.00.
  • 9/7/2016 – EOG Resources had its price target raised by analysts at Royal Bank Of Canada from $95.00 to $98.00. They now have a “sector perform” rating on the stock.
  • 9/7/2016 – EOG Resources had its price target raised by analysts at Credit Agricole SA from $93.00 to $98.00. They now have an “underperform” rating on the stock.
  • 9/7/2016 – EOG Resources had its price target raised by analysts at Jefferies Group from $84.00 to $88.00. They now have a “hold” rating on the stock.
  • 9/7/2016 – EOG Resources had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $98.00 price target on the stock, up previously from $95.00.
  • 9/7/2016 – EOG Resources had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $108.00 price target on the stock, up previously from $105.00.
  • 9/1/2016 – EOG Resources had its price target raised by analysts at Barclays PLC from $104.00 to $110.00. They now have an “overweight” rating on the stock.
  • 8/23/2016 – EOG Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “EOG Resources Inc.'s second quarter 2016 loss was narrower than expected and revenues beat the Zacks Consensus Estimate. The company’s large portfolio of high-return projects and strong technical competence are its key long-term drivers.  EOG’s confidence level in the Eagle Ford remains high. Even with the implementation of tighter well spacing last year, individual well performance remains outstanding. As such, we view EOG as a favorable pick. However, weak commodity prices and lower production during the reported quarter are major concerns.  Moreover,   infrastructure risk remains as EOG generates production in the high-growth sections of the U.S. Further, the risk-reward pay-off is still uncertain in the near future due to its natural gas weighted production as well as cost overruns.”
  • 8/16/2016 – EOG Resources had its “sell” rating reaffirmed by analysts at Credit Agricole SA.
  • 8/10/2016 – EOG Resources had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $95.00 price target on the stock, up previously from $88.00.
  • 8/9/2016 – EOG Resources had its “hold” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $90.00 price target on the stock.
  • 8/8/2016 – EOG Resources was upgraded by analysts at Wunderlich from a “hold” rating to a “buy” rating. They now have a $104.00 price target on the stock, up previously from $79.00.
  • 8/8/2016 – EOG Resources had its price target raised by analysts at Royal Bank Of Canada from $88.00 to $95.00. They now have a “sector perform” rating on the stock.
  • 8/8/2016 – EOG Resources had its price target lowered by analysts at Barclays PLC from $104.00 to $84.00. They now have an “overweight” rating on the stock.
  • 8/5/2016 – EOG Resources was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $96.00 price target on the stock, up previously from $83.00.
  • 8/5/2016 – EOG Resources had its price target raised by analysts at Citigroup Inc. from $88.00 to $98.00. They now have a “buy” rating on the stock.
  • 8/5/2016 – EOG Resources was given a new $100.00 price target on by analysts at Bank of America Corp.. They now have a “hold” rating on the stock.
  • 8/4/2016 – EOG Resources had its “hold” rating reaffirmed by analysts at Jefferies Group.
  • 8/3/2016 – EOG Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “EOG Resources Inc.'s large portfolio of high-return projects and strong technical competence are its key long-term drivers. The company’s confidence level in the Eagle Ford remains high. Even with the implementation of tighter well spacing last year, individual well performance remains outstanding. Also the company’s financial strength and robust asset portfolio allow it to weather any near term macro weaknesses. Moreover, with crude advancing 90% from their 12-year lows reached in Feb, the company is well-positioned to ride the recovery.”
  • 7/25/2016 – EOG Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $91.00 price target on the stock. According to Zacks, “EOG Resources Inc.'s large portfolio of high-return projects and strong technical competence are its key long-term drivers. The company’s confidence level in the Eagle Ford remains high. Even with the implementation of tighter well spacing last year, individual well performance remains outstanding. Also the company’s financial strength and robust asset portfolio allow it to weather any near term macro weaknesses. Moreover, with crude advancing 90% from their 12-year lows reached in Feb, the company is well-positioned to ride the recovery. Consequently, we think EOG Resources offers substantial upside potential from the current price levels and view it as an attractive investment.”

EOG Resources Inc. (NYSE:EOG) traded up 3.45% during trading on Wednesday, reaching $93.52. The company’s stock had a trading volume of 3,189,143 shares. EOG Resources Inc. has a 1-year low of $57.15 and a 1-year high of $95.93. The stock’s market capitalization is $51.50 billion. The stock has a 50 day moving average price of $90.15 and a 200 day moving average price of $82.21.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.10. The company earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.57 billion. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The firm’s quarterly revenue was down 28.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Analysts anticipate that EOG Resources Inc. will post ($1.67) earnings per share for the current fiscal year.

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In other news, Director Frank G. Wisner sold 2,026 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $92.65, for a total transaction of $187,708.90. Following the completion of the transaction, the director now directly owns 113,125 shares in the company, valued at approximately $10,481,031.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the stock in a transaction on Friday, July 8th. The stock was sold at an average price of $81.82, for a total value of $398,872.50. Following the transaction, the executive vice president now owns 59,032 shares of the company’s stock, valued at $4,829,998.24. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.

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