EOG Resources (NYSE:EOG) was downgraded by stock analysts at FBR Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
EOG Resources (NYSE:EOG) opened at 185.15 on Wednesday. EOG Resources has a 52 week low of $106.10 and a 52 week high of $168.77. The stock’s 50-day moving average is $156.5 and its 200-day moving average is $137.0. The company has a market cap of $50.438 billion and a P/E ratio of 50.08.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.46. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter last year, the company posted $1.11 earnings per share. EOG Resources’s revenue was up 32.0% compared to the same quarter last year. Analysts expect that EOG Resources will post $7.94 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on EOG. Analysts at Robert W. Baird downgraded shares of EOG Resources to a “neutral” rating in a research note to investors on Monday. Finally, analysts at Susquehanna raised their price target on shares of EOG Resources from $170.00 to $179.00 in a research note to investors on Wednesday, October 16th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $176.83.
EOG Resources, Inc(NYSE:EOG) explores , develops, produces and markets crude oil and natural gas primarily in producing basins in the United States of America , Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom , The People’s Republic of China (China), the Argentine Republic (Argentina) and, from time to time, select other international areas.
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