EOG Resources Given New $124.00 Price Target at Susquehanna (EOG)
Shares of EOG Resources (NYSE: EOG) traded down 1.29% during mid-day trading on Tuesday, hitting $127.27. EOG Resources has a one year low of $82.48 and a one year high of $138.20. The stock’s 50-day moving average is currently $127.9. The company has a market cap of $34.585 billion and a P/E ratio of 61.10.
EOG Resources (NYSE: EOG) last issued its quarterly earnings data on Thursday, February 14th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.24. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that EOG Resources will post $5.78 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on EOG. Analysts at TheStreet reiterated a “buy” rating on shares of EOG Resources in a research note to investors on Tuesday, March 12th. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of EOG Resources in a research note to investors on Monday, March 11th. They now have a $173.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of EOG Resources from $130.00 to $145.00 in a research note to investors on Wednesday, March 6th. They now have an “outperform” rating on the stock. They noted that the move was a valuation call.
One analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $141.75.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.19 per share. This represents a $0.75 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Friday, April 12th. This is a boost from EOG Resources’s previous quarterly dividend of $0.17.
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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