CLSA Initiates Coverage on EOG Resources Inc to Underperform

CLSA Initiates Coverage on EOG Resources Inc(NYSE:EOG). The shares have been rated Underperform. The rating by CLSA was issued on Jun 22, 2016.

In a different note, On May 24, 2016, Barclays said it Maintains its rating on EOG Resources Inc. In the research note, the firm Raises the price-target to $80.00 per share. The shares have been rated ‘Overweight’ by the firm. On May 19, 2016, Johnson Rice said it Downgrades its rating on EOG Resources Inc. The shares have been rated ‘Hold’ by the firm. On May 16, 2016, Bernstein said it Maintains its rating on EOG Resources Inc. In the research note, the firm Raises the price-target to $2.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 11, 2016, Susquehanna said it Downgrades its rating on EOG Resources Inc. The shares have been rated ‘Neutral’ by the firm. On May 9, 2016, Canaccord Genuity said it Upgrades its rating on EOG Resources Inc. The shares have been rated ‘Buy’ by the firm. On Apr 6, 2016, Stifel Nicolaus said it Downgrades its rating on EOG Resources Inc. The shares have been rated ‘Hold’ by the firm.

EOG Resources Inc (EOG) shares turned negative on Mondays trading session with the shares closing down -2.47 points or -3.05% at a volume of 42,72,144. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $80.8. The peak price level was also seen at $80.8 while the days lowest was $78.11. Finally the shares closed at $78.59. The 52-week high of the shares is $89.52 while the 52-week low is $57.15. According to the latest information available, the market cap of the company is $43,246 M.

EOG Resources Inc has also declared a cash dividend of $0.1675 on Apr 27, 2016. The shares will quote ex-dividend on Jul 13, 2016 and the record date has been fixed on Jul 15, 2016. The dividend payable date has been fixed on Jul 29, 2016.

EOG Resources Inc(EOG) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.35B. Analysts had an estimated revenue of $1.67B. Earnings per share were $-0.83. Analysts had estimated an EPS of $-0.84.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Ann D. Janssen (VP, Accounting) sold 831 shares at $84.95 per share price.Also, On Jun 9, 2016, Lloyd W Jr Helms (EVP, Exploration & Production) sold 4,875 shares at $85.92 per share price.On Jun 8, 2016, Frank G Wisner (director) sold 3,108 shares at $84.13 per share price, according to the Form-4 filing with the securities and exchange commission.

EOG Resources Inc. (EOG) is engaged in the exploration development production and marketing of crude oil and natural gas. The Company operates in producing basins in the United States Canada The Republic of Trinidad and Tobago (Trinidad) the United Kingdom The People’s Republic of China (China) and the Argentine Republic (Argentina) among others. As of December 31 2014 EOG’s total estimated net proved reserves were 2497 million barrels of oil equivalent (MMBoe) of which 1140 million barrels (MMBbl) are crude oil and condensate reserves 467 MMBbl are natural gas liquids (NGLs) reserves and 5343 billion cubic feet or 890 MMBoe are natural gas reserves. As of December 31 2014 approximately 97% of the Company’s net proved reserves on a crude oil equivalent basis are located in the United States and 3% in Trinidad. Its operations are focused in the basins in the United States with a focus on crude oil.

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