EOG Resources (EOG) Receiving Somewhat Positive News Coverage, Report Shows
News headlines about EOG Resources (NYSE:EOG) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EOG Resources earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the energy exploration company an impact score of 47.2644937794729 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- EOG Resources, Inc. (EOG) PT Raised to $120.00 at Barclays PLC (americanbankingnews.com)
- EOG Resources, Inc. (EOG) Given a $114.00 Price Target by Robert W. Baird Analysts (americanbankingnews.com)
- EOG Resources (EOG) Presents At Bank of America Merrill Lynch Global Energy Conference – Slideshow (seekingalpha.com)
- Hartstreet: EOG King Of The ‘Super Hog’ Story – Seeking Alpha (seekingalpha.com)
- EOG Resources – Impressive Results But Priced Too High – EOG … – Seeking Alpha (seekingalpha.com)
EOG Resources (NYSE:EOG) traded up $0.21 during mid-day trading on Monday, reaching $101.64. The company had a trading volume of 2,596,800 shares, compared to its average volume of 3,122,039. EOG Resources has a 12-month low of $81.99 and a 12-month high of $109.37. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. The stock has a market cap of $58,770.00, a price-to-earnings ratio of 247.90, a P/E/G ratio of 14.55 and a beta of 0.99.
EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the company earned ($0.40) EPS. EOG Resources’s revenue was up 24.8% on a year-over-year basis. analysts anticipate that EOG Resources will post 0.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were issued a $0.1675 dividend. The ex-dividend date was Monday, October 16th. This represents a $0.67 annualized dividend and a yield of 0.66%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
EOG has been the topic of a number of recent research reports. BMO Capital Markets restated a “buy” rating and issued a $95.00 target price on shares of EOG Resources in a research note on Friday, August 4th. Stifel Nicolaus set a $106.00 target price on EOG Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. Robert W. Baird set a $114.00 price target on EOG Resources and gave the stock a “buy” rating in a research report on Thursday, October 12th. Morgan Stanley set a $116.00 price target on EOG Resources and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $108.92.
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In other news, EVP Michael P. Donaldson sold 6,167 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $97.50, for a total transaction of $601,282.50. Following the completion of the sale, the executive vice president now directly owns 74,316 shares in the company, valued at approximately $7,245,810. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $97.03, for a total value of $330,969.33. Following the sale, the director now owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The disclosure for this sale can be found here. Insiders sold a total of 153,692 shares of company stock valued at $3,717,390 over the last quarter. 0.53% of the stock is currently owned by insiders.
About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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