EOG Resources (EOG) : Analyst Rating Update

EOG Resources (EOG) : The consensus on EOG Resources (EOG) based on 23 analyst recommendation on the company stock is 2.3, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 13 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on EOG Resources (EOG).

EOG Resources (EOG) stock is expected to deviate a maximum of $7.7 from the average target price of $85.22 for the short term period. 18 Street Experts have initiated coverage on the stock with the most promising target being $96 and the most muted being $71.

EOG Resources (NYSE:EOG): The stock was completely flat for the day, closing at $82.76 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $82.03, the stock touched an intraday high of $83.11 and a low of $81.86. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $82.76. The total trading volume on Wednesday was 2,207,321.

Also, CLSA initiates coverage on EOG Resources (NYSE:EOG). The shares have now been rated Underperform by the stock experts at the ratings house. The rating by the firm was issued on June 22, 2016. The company shares have dropped -2.05% from its 1 Year high price. On Nov 3, 2015, the shares registered one year high at $89.52 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $82.18 and the 200 Day Moving Average price is recorded at $74.67.

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 Peoples Republic of China (China) and the Argentine Republic (Argentina), among others. As of December 31, 2014, EOGs total estimated net proved reserves were 2,497 million barrels of oil equivalent (MMBoe), of which 1,140 million barrels (MMBbl) are crude oil and condensate reserves, 467 MMBbl are natural gas liquids (NGLs) reserves and 5,343 billion cubic feet, or 890 MMBoe, are natural gas reserves. As of December 31, 2014, approximately 97% of the Companys 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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