Short Term Price Target on EOG Resources (EOG)

EOG Resources (NYSE:EOG) stock is expected to deviate a maximum of $7.7 from the average target price of $85.22 for the short term period. 18 Street Experts have initiated coverage on the stock with the most promising target being $96 and the most muted being $71.

EOG Resources, Inc. has dropped 1.28% in the last five trading days, however, the shares have posted positive gains of 3.31% in the last 4 weeks. EOG Resources, Inc. is up 16.05% in the last 3-month period. Year-to-Date the stock performance stands at 18.41%.

EOG Resources (NYSE:EOG) : 23 analysts are covering EOG Resources (NYSE:EOG) and their average rating on the stock is 2.3, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. EOG Resources (NYSE:EOG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 13 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

EOG Resources (NYSE:EOG): The stock opened at $83.44 on Thursday but the bulls could not build on the opening and the stock topped out at $83.96 for the day. The stock traded down to $82.64 during the day, due to lack of any buying support eventually closed down at $83.42 with a loss of -0.02% for the day. The stock had closed at $83.44 on the previous day. The total traded volume was 3,364,026 shares.

In an insider trading activity, Janssen Ann D., officer (VP, Accounting) of Eog Resources Inc, unloaded 831 shares at an average price of $84.95 on June 9, 2016. The total amount of the transaction was worth $70,593, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

EOG Resources, Inc. (EOG), is engaged in the exploration, development, production and marketing of crude oil and natural gas. The Company operates in producing basins in the United States, Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The Peoples Republic of China (China) and the Argentine Republic (Argentina), among others. As of December 31, 2014, EOGs total estimated net proved reserves were 2,497 million barrels of oil equivalent (MMBoe), of which 1,140 million barrels (MMBbl) are crude oil and condensate reserves, 467 MMBbl are natural gas liquids (NGLs) reserves and 5,343 billion cubic feet, or 890 MMBoe, are natural gas reserves. As of December 31, 2014, approximately 97% of the Companys net proved reserves, on a crude oil equivalent basis, are located in the United States and 3% in Trinidad. Its operations are focused in the basins in the United States, with a focus on crude oil.

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