EOG Resources Inc (EOG) is Upgraded by Stifel to Buy, Raises Price Target to $ 120

EOG Resources Inc (EOG) was Upgraded by Stifel to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 120 from a previous price target of $95 . Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Dec 1, 2016.

Many Wall Street Analysts have commented on EOG Resources Inc. EOG Resources Inc was Upgraded by CapitalOne to ” Overweight” on Nov 16, 2016. EOG Resources Inc was Upgraded by CLSA to ” Outperform” on Nov 15, 2016. EOG Resources Inc was Upgraded by Guggenheim to ” Buy” on Nov 11, 2016.

On the company’s financial health, EOG Resources Inc reported $-0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.31. The company had revenue of $2118.50 million for the quarter, compared to analysts expectations of $1866.82 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.

EOG Resources Inc closed down -1.03 points or -1.10% at $92.44 with 40,10,441 shares getting traded on Tuesday. Post opening the session at $91.6, the shares hit an intraday low of $90 and an intraday high of $93.38 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Nov 18, 2016, Frank G Wisner (director) sold 2,660 shares at $94.81 per share price. According to the SEC, on Nov 15, 2016, Charles R Crisp (director) sold 14,000 shares at $92.69 per share price. On Nov 8, 2016, Michael P Donaldson (EVP, Gen. Counsel & Corp Sec) sold 4,464 shares at $93.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 People’s Republic of China (China) and the Argentine Republic (Argentina) among others. As of December 31 2014 EOG’s total estimated net proved reserves were 2497 million barrels of oil equivalent (MMBoe) of which 1140 million barrels (MMBbl) are crude oil and condensate reserves 467 MMBbl are natural gas liquids (NGLs) reserves and 5343 billion cubic feet or 890 MMBoe are natural gas reserves. As of December 31 2014 approximately 97% of the Company’s 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.

EOG Resources Inc

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