EOG Resources (NYSE: EOG)‘s stock had its “buy” rating reaffirmed by stock analysts at TheStreet in a report issued on Tuesday, Stock Ratings Network reports.
The analysts wrote, “EOG Resources (EOG) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
EOG Resources (NYSE: EOG) traded up 0.86% on Tuesday, hitting $132.25. EOG Resources has a 1-year low of $82.48 and a 1-year high of $139.00. The stock’s 50-day moving average is currently $126.4. The company has a market cap of $35.982 billion and a price-to-earnings ratio of 47.91.
EOG Resources (NYSE: EOG) last announced its earnings results on Monday, May 6th. The company reported $1.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.18 by $0.01. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the company posted $1.17 earnings per share. EOG Resources’s revenue was up 19.6% compared to the same quarter last year. On average, analysts predict that EOG Resources will post $6.70 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on EOG. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of EOG Resources in a research note to investors on Friday, May 24th. They now have a $165.00 price target on the stock. Separately, analysts at FBR Capital Markets reiterated an “outperform” rating on shares of EOG Resources in a research note to investors on Thursday, May 23rd. They now have a $140.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of EOG Resources from $124.00 to $135.00 in a research note to investors on Wednesday, May 22nd. They now have a “neutral” rating on the stock.
Seven investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $149.23.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a dividend of $0.19 per share. This represents a $0.75 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Monday, July 15th.
EOG Resources, Inc.(NYSE: 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.