EOG Resources Rating Reiterated by FBR Capital Markets (EOG)

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FBR Capital Markets reaffirmed their outperform rating on shares of EOG Resources (NYSE: EOG) in a research note issued to investors on Monday, Analyst Ratings.Net reports. The firm currently has a $140.00 price target on the stock.

Shares of EOG Resources (NYSE: EOG) traded down 2.59% during mid-day trading on Monday, hitting $128.74. EOG Resources has a 52 week low of $82.48 and a 52 week high of $139.00. The stock’s 50-day moving average is currently $127.0. The company has a market cap of $35.027 billion and a P/E ratio of 48.29.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 31st. Shareholders 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 has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a neutral rating on shares of EOG Resources in a research note to investors on Thursday, May 30th. They now have a $139.00 price target on the stock. Separately, analysts at TheStreet reiterated a buy rating on shares of EOG Resources in a research note to investors on Tuesday, May 28th. Finally, 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.

Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $149.50.

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.

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