EOG Resources (NYSE: EOG)‘s stock had its “neutral” rating restated by equities researchers at Guggenheim in a report issued on Thursday. They currently have a $127.00 target price on the stock.
EOG Resources traded up 0.25% on Thursday, hitting $127.24. 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 $34.577 billion and a price-to-earnings ratio of 60.15.
EOG Resources last issued its quarterly earnings data on Thursday, February 14th. The company reported $1.61 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that EOG Resources will post $5.92 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of EOG Resources in a research note to investors on Thursday. Separately, analysts at Brean Murray reiterated a “buy” rating on shares of EOG Resources in a research note to investors on Tuesday, February 19th. They now have a $146.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of EOG Resources from $161.00 to $174.00 in a research note to investors on Tuesday, February 19th. They now have a “buy” rating on the stock.
Fourteen analysts have rated the stock with a buy rating, eight have given an overweight rating, nine have assigned a hold rating, and one has given a sell rating to the company. The company has an average rating of “overweight” and an average price target of $144.75.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.19 per share. This represents a $0.75 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Friday, April 12th. This is an increase 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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