EOG Resources (EOG) : 25 analysts are covering EOG Resources (EOG) and their average rating on the stock is 2.2, which is read as a Buy. 10 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 (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 2, which recommends a Buy 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 (EOG) : 19 investment research analysts covering EOG Resources (EOG) have an average price target of $93.42 for the near short term. The highest target price given by the Brokerage Firm to the stock is $104 and the lowest target is $76 for the short term. Analysts expect the variance to be within $7.25 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. EOG Resources (NYSE:EOG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $90.07 and $89.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $91.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $90.28, notching a gain of 0.96% for the day. The total traded volume was 3,445,361 . The stock had closed at $89.42 on the previous day.
In a related news,The officer (EVP, Exploration & Production) of Eog Resources Inc, Helms Lloyd W Jr sold 4,875 shares at $81.83 on July 8, 2016. The Insider selling transaction had a total value worth of $398,921. The Insider information was disclosed 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.