Analysts’ Weekly Ratings Changes for EOG Resources (EOG)

Several analysts have recently updated their ratings and price targets for EOG Resources (NYSE: EOG):

  • 2/11/2018 – EOG Resources was given a new $134.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 2/2/2018 – EOG Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $134.00 price target on the stock. According to Zacks, “EOG Resources holds premium acreages in the Permian, Bakken and Eagle Ford oil shale plays in the United States. We appreciate the firm’s plan to complete 505 wells in the resources in 2017, significantly higher than 443 recorded in 2016. Notably, during 2016, almost 50% of the wells drilled by the firm met the standard of premium wells. The company expected 80% and 90% of the wells to meet the standards in 2017 and 2018, respectively. In the promising U.S. shale plays, EOG Resources has identified 8,000 premium wells that can give access to almost 7.3 billion barrels of oil equivalent estimated potential reserves over a period of 10 years. The upstream energy player’s pricing chart history is also impressive. Over the past year, the stock has rallied 15.5%, outperforming the industry’s 13.3% decline.”
  • 2/1/2018 – EOG Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “EOG Resources holds premium acreages in the Permian, Bakken and Eagle Ford oil shale plays in the United States. Notably, during 2016, almost 50% of the wells drilled by the firm met the standard of premium wells. The company expected 80% and 90% of the wells to meet the standards in 2017 and 2018, respectively. In the promising U.S. shale plays, EOG Resources has identified 8,000 premium wells that can give access to almost 7.3 billion barrels of oil equivalent estimated potential reserves over a period of 10 years. EOG’s pricing chart history is also impressive having outperformed the industry. However, the company’s lack of exposure to international resources is a drag for the company. On top of that, increasing debt load on the company’s shoulder is a cause of concern.  Moreover, cash balances have been declining substantially over the first nine months, reflecting balance sheet weakness.”
  • 1/30/2018 – EOG Resources was given a new $136.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 1/24/2018 – EOG Resources had its price target lowered by analysts at Morgan Stanley from $142.00 to $116.00. They now have a “buy” rating on the stock.
  • 1/23/2018 – EOG Resources was given a new $126.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/18/2018 – EOG Resources was given a new $115.00 price target on by analysts at Cowen Inc. They now have a “hold” rating on the stock.
  • 1/15/2018 – EOG Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $129.00 price target on the stock. According to Zacks, “EOG Resources holds premium acreages in the Permian, Bakken and Eagle Ford oil shale plays in the United States. We appreciate the firm’s plan to complete 505 wells in the resources in 2017, significantly higher than 443 recorded in 2016. Notably, during 2016, almost 50% of the wells drilled by the firm met the standard of premium wells. The company expected 80% and 90% of the wells to meet the standards in 2017 and 2018, respectively. In the promising U.S. shale plays, EOG Resources has identified 8,000 premium wells that can give access to almost 7.3 billion barrels of oil equivalent estimated potential reserves over a period of 10 years. The upstream energy player’s pricing chart history is also impressive. Over the past year, the stock has rallied 9.8%, outperforming the industry’s 9.4% decline.”
  • 1/11/2018 – EOG Resources had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $120.00 price target on the stock.
  • 1/10/2018 – EOG Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “EOG Resources holds premium acreages in the Permian, Bakken and Eagle Ford oil shale plays in the United States. Notably, during 2016, almost 50% of the wells drilled by the firm met the standard of premium wells. The company expected 80% and 90% of the wells to meet the standards in 2017 and 2018, respectively. In the promising U.S. shale plays, EOG Resources has identified 8,000 premium wells that can give access to almost 7.3 billion barrels of oil equivalent estimated potential reserves over a period of 10 years. EOG’s pricing chart history is also impressive having outperformed the industry. However, the company’s lack of exposure to international resources is a drag for the company. On top of that, increasing debt load on the company’s shoulder is a cause of concern.  Moreover, cash balances have been declining substantially over the first nine months, reflecting balance sheet weakness.”
  • 1/9/2018 – EOG Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $126.00 price target on the stock. According to Zacks, “EOG Resources holds premium acreages in the Permian, Bakken and Eagle Ford oil shale plays in the United States. We appreciate the firm’s plan to complete 505 wells in the resources in 2017, significantly higher than 443 recorded in 2016. Notably, during 2016, almost 50% of the wells drilled by the firm met the standard of premium wells. The company expected 80% and 90% of the wells to meet the standards in 2017 and 2018, respectively. In the promising U.S. shale plays, EOG Resources has identified 8,000 premium wells that can give access to almost 7.3 billion barrels of oil equivalent estimated potential reserves over a period of 10 years. The upstream energy player’s pricing chart history is also impressive. Over the past year, the stock has rallied 9%, outperforming the Zacks Oil & Gas U.S Exploration industry’s 11.6% decline.”
  • 1/9/2018 – EOG Resources had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $118.00 price target on the stock.
  • 1/8/2018 – EOG Resources had its price target raised by analysts at Argus to $133.00. They now have a “buy” rating on the stock.
  • 1/8/2018 – EOG Resources had its “outperform” rating reaffirmed by analysts at Imperial Capital. They now have a $120.00 price target on the stock, up previously from $115.00.
  • 1/5/2018 – EOG Resources was given a new $122.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 1/4/2018 – EOG Resources was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $125.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/3/2018 – EOG Resources was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a $125.00 price target on the stock.
  • 12/20/2017 – EOG Resources was given a new $101.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 12/18/2017 – EOG Resources had its price target lowered by analysts at Robert W. Baird from $115.00 to $114.00. They now have an “outperform” rating on the stock.

EOG Resources Inc (NYSE EOG) opened at $100.07 on Monday. EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $119.00. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $57,862.39, a PE ratio of 10,007.00, a P/E/G ratio of 3.09 and a beta of 1.01.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were paid a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a yield of 0.67%. The ex-dividend date was Tuesday, January 16th. EOG Resources’s payout ratio is 6,700.00%.

In related news, EVP Michael P. Donaldson sold 15,322 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the transaction, the executive vice president now owns 59,917 shares of the company’s stock, valued at approximately $6,846,116.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 1,741 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $106.00, for a total value of $184,546.00. Following the transaction, the executive vice president now directly owns 75,118 shares in the company, valued at approximately $7,962,508. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,934 shares of company stock worth $7,820,085. 0.53% of the stock is owned by corporate insiders.

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

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