EOG Resources (NYSE:EOG)‘s stock had its “hold” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Monday, Analyst Ratings Network reports. They currently have a $175.00 price target on the stock. Credit Suisse’s price objective suggests a potential upside of 11.74% from the stock’s previous close.
EOG Resources (NYSE:EOG) opened at 156.62 on Monday. EOG Resources has a one year low of $105.45 and a one year high of $161.47. The stock has a 50-day moving average of $149.8 and a 200-day moving average of $133.8. The company has a market cap of $42.666 billion and a P/E ratio of 42.36.
EOG Resources (NYSE:EOG) last announced its 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 in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. On average, analysts predict that EOG Resources will post $7.53 earnings per share for the current fiscal year.
EOG has been the subject of a number of other recent research reports. Analysts at Barclays Capital reiterated a “buy” rating on shares of EOG Resources in a research note to investors on Monday. They now have a $192.00 price target on the stock. Separately, analysts at Jefferies Group set a $195.00 price target on shares of EOG Resources in a research note to investors on Monday. Finally, analysts at Wells Fargo & Co. raised their price target on shares of EOG Resources from $174.00 to $195.00 in a research note to investors on Monday.
Eight analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. EOG Resources currently has a consensus rating of “Buy” and an average target price of $167.72.
In other EOG Resources news, Director Frank Wisner unloaded 14,000 shares of EOG Resources stock in a transaction that occured on Thursday, August 22nd. The shares were sold at an average price of $155.00, for a total transaction of $2,170,000.00. Following the completion of the sale, the director now directly owns 38,769 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.