EOG Resources Rating Increased to Add at Cap One Southco (EOG)

By admin | 6 years ago

EOG Resources (NYSE: EOG) was upgraded by equities researchers at Cap One Southco from a “neutral” rating to an “add” rating in a report issued on Friday.

Shares of EOG Resources opened at 104.23 on Friday. EOG Resources has a 52 week low of $66.81 and a 52 week high of $119.97. The company has a market cap of $28.100 billion and a P/E ratio of 21.89.

EOG Resources last announced its earnings results on Tuesday, May 8th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.03. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, analysts predict that EOG Resources will post $1.26 earnings per share next quarter.

A number of other analysts have also recently weighed in on EOG. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of EOG Resources in a research note to investors on Wednesday, May 9th. They now have a $147.00 price target on the stock. Separately, analysts at Societe Generale upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, May 9th. Finally, analysts at Capital One upgraded shares of EOG Resources to a “neutral” rating in a research note to investors on Wednesday, May 9th.

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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