EOG Resources (EOG) Receives Price Target

EOG Resources (EOG) : The consensus price target for EOG Resources (EOG) is $96.95 for the short term with a standard deviation of $8.77. The most optimist securities analyst among the 19 who monitor the stock believes that the stock can reach $118, however, the pessimist price target for the company is $83.

EOG Resources (EOG) : 10 brokerage houses believe that EOG Resources (EOG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on EOG Resources (EOG). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 24 Wall Street Analysts endorse the stock as a Buy with a rating of 2.17.


Also, Wunderlich upgrades 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 Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. The rating by the firm was issued on August 8, 2016.

EOG Resources (NYSE:EOG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $88.31 and $87.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $88.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $88.55, notching a gain of 0.07% for the day. The total traded volume was 2,420,698 . The stock had closed at $88.49 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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