Analyst Rating Update on EOG Resources (EOG)

EOG Resources (EOG) : Zacks Investment Research ranks EOG Resources (EOG) as 3, which is a Hold recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 14 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 24 research analysts is 2.33, which indicates as a Buy.

EOG Resources (EOG) stock is expected to deviate a maximum of $6.88 from the average target price of $88.39 for the short term period. 18 Street Experts have initiated coverage on the stock with the most promising target being $99 and the most muted being $76.

For the current week, the company shares have a recommendation consensus of Buy. Also, Tudor Pickering downgrades their rating on the shares of EOG Resources (NYSE:EOG). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on July 15, 2016.


EOG Resources (NYSE:EOG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.00 and $79.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.37, notching a gain of 3.10% for the day. The total traded volume was 3,036,515 . The stock had closed at $79.89 on the previous day.

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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