EOG Resources (NYSE: EOG)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Tuesday.
The analysts wrote, “EOG Resources (EOG) has been reiterated by TheStreet Ratings as a buy with a ratings score of B- . The company’s strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital reiterated an “overweight” rating on shares of EOG Resources in a research note to investors on Monday. They now have a $173.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of EOG Resources from $130.00 to $145.00 in a research note to investors on Wednesday, March 6th. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Deutsche Bank raised their price target on shares of EOG Resources from $151.00 to $155.00 in a research note to investors on Tuesday, March 5th.
Fifteen investment analysts have rated the stock with a buy rating, nine have issued an overweight rating, nine have issued a hold rating, and one has given a sell rating to the stock. The company currently has an average rating of “overweight” and an average price target of $146.60.
Shares of EOG Resources traded up 1.00% during mid-day trading on Tuesday, hitting $129.9425. EOG Resources has a 52 week low of $82.48 and a 52 week high of $138.20. The stock’s 50-day moving average is currently $127.3. The company has a market cap of $35.311 billion and a P/E ratio of 60.98.
EOG Resources last released its earnings data on Thursday, February 14th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.24. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the company posted $1.15 earnings per share. EOG Resources’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that EOG Resources will post $5.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.19 per share. This represents a $0.75 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Friday, April 12th. This is a boost from EOG Resources’s previous quarterly dividend of $0.17.
EOG Resources, Inc.(EOG), together with its subsidiaries, explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China, the Argentine Republic (Argentina) and other international areas.
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