Capital One Raises EOG Resources to Neutral (EOG)

By admin | 6 years ago

EOG Resources (NYSE: EOG) was upgraded by research analysts at Capital One to a “neutral” rating in a report released on Wednesday.

Shares of EOG Resources traded up 1.34% during mid-day trading on Wednesday, hitting $106.51. EOG Resources has a one year low of $66.81 and a one year high of $119.97. The company has a market cap of $28.713 billion and a P/E ratio of 22.08.

EOG Resources last issued its quarterly earnings data on Tuesday, May 8th. The company reported $1.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.14 by $0.03. EOG Resources’s revenue was up 47.9% compared to the same quarter last year. On average, analysts predict that EOG Resources will post $1.31 earnings per share next quarter.

A number of other analysts have also recently weighed in on EOG. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of EOG Resources to $130.00 in a research note to investors on Friday, March 30th. Finally, analysts at Societe Generale downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, March 14th.

EOG Resources, Inc. (EOG), together with its subsidiaries, explores, develops, produces and markets natural gas and crude oil primarily in producing basins in the United States, Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, and The People’s Republic of China.

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