EOG Resources’s Buy Rating Reaffirmed at TheStreet (EOG)
“EOG Resources (EOG) has been reiterated by TheStreet Ratings as a buy with a ratings score of B- . The company’s strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
,” TheStreet’s analyst wrote.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital reiterated an overweight rating on shares of EOG Resources in a research note to investors on Monday. They now have a $173.00 price target on the stock. Separately, 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. Finally, analysts at Deutsche Bank raised their price target on shares of EOG Resources from $151.00 to $155.00 in a research note to investors on Tuesday, March 5th.
Fifteen equities research analysts have rated the stock with a buy rating, nine have assigned an overweight rating, nine have assigned a hold rating, and one has assigned a sell rating to the company’s stock. The company has an average rating of overweight and a consensus target price of $146.60.
Shares of EOG Resources (NYSE: EOG) traded up 1.26% during mid-day trading on Tuesday, hitting $131.52. EOG Resources has a 52 week low of $82.48 and a 52 week high of $138.20. The stock’s 50-day moving average is currently $127.5. The company has a market cap of $35.740 billion and a P/E ratio of 61.55.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a dividend of $0.19 per share. This represents a $0.75 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, April 12th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17.
EOG Resources, Inc.(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.
To view TheStreet’s full report, visit www.thestreetratings.com
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