EOG Resources (EOG) Receives ‘Analyst’ Rating

EOG Resources (EOG) : The consensus on EOG Resources (EOG) based on 25 analyst recommendation on the company stock is 2.12, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on EOG Resources (EOG).

EOG Resources (EOG) : The highest level EOG Resources (EOG) is projected to reach is $136 for the short term and the lowest estimate is at $83. The consolidated price target from 20 rating analysts who initiate coverage on the stock is $99.5 and the possibility the share price can swing is $11.66.


Also, Jefferies maintains its view on EOG Resources (NYSE:EOG) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Jefferies raises the price target from $84 per share to $88 per share on EOG Resources . The rating by the firm was issued on September 7, 2016.

EOG Resources (NYSE:EOG): After opening at $88.85, the stock dipped to an intraday low of $88.49 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $92.39 and the buying power remained strong till the end. The stock closed at $90.95 for the day, a gain of 2.83% for the day session. The total traded volume was 3,946,570. The stocks close on the previous trading day was $88.45.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.