Equities research analysts at Oppenheimer increased their price target on shares of EOG Resources (NYSE: EOG) from $130.00 to $145.00 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on EOG. 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. Separately, analysts at Zacks reiterated a “neutral” rating on shares of EOG Resources in a research note to investors on Thursday, February 28th. They now have a $133.00 price target on the stock. Finally, analysts at Guggenheim reiterated a “neutral” rating on shares of EOG Resources in a research note to investors on Thursday, February 28th. They now have a $127.00 price target on the stock.
EOG Resources opened at 124.70 on Wednesday. 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.. The company has a market cap of $33.887 billion and a price-to-earnings ratio of 59.10.
EOG Resources last released its earnings data on Thursday, February 14th. The company reported $1.61 EPS for the quarter, beating the Thomson Reuters 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 $5.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 30th. Investors 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 0.60%. The ex-dividend date of this dividend is Friday, April 12th. This is an increase 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.
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