Goldman Sachs Upgrades EOG Resources to Buy (EOG)

By admin | 6 years ago

EOG Resources (NYSE: EOG) was upgraded by equities research analysts at Goldman Sachs (NYSE: GS) to a “buy” rating in a research note issued to investors on Tuesday.

EOG has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of EOG Resources from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, May 22nd. Separately, analysts at Canaccord Genuity raised their price target on shares of EOG Resources from $147.00 to $148.00 in a research note to investors on Friday, May 11st. Finally, analysts at Cap One Southco upgraded shares of EOG Resources from a “neutral” rating to an “add” rating in a research note to investors on Friday, May 11st.

EOG Resources traded down 3.11% on Tuesday, hitting $101.60. EOG Resources has a 1-year low of $66.81 and a 1-year high of $119.97. The company has a market cap of $27.391 billion and a price-to-earnings ratio of 22.02.

EOG Resources last released its 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. Analysts expect that EOG Resources will post $1.23 EPS next quarter.

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.

About the author