Analyst Estimates

Analyst Perspectives: EOG Resources Inc (NYSE:EOG)

EOG Resources Inc (NYSE:EOG) plunged -0.42% during previous trade, a total of 3.87M shares exchanged hands compared with its average trading volume of 3.31M shares whereas its relative volume is 1.22. The stock has a market capitalization of $56.40B along with 576.46M outstanding shares. Stock’s intraday price range hit the peak level of $96.20 and touched the lowest level of $93.42.

Most recently EOG Resources Inc (NYSE:EOG)’s price target was revised on 11/21/16 and according to 37 analysts stock’s price will reach at $106.59 during 52 weeks with standard deviation of 10.71. Stock’s minimum price target estimates has been figured out at $80 while the maximum price target forecast is established at $136, if we look at the price target with an optimistic approach it has upside potential of 43% from its latest closing price of $95.27.

Historically, if we look at price target revisions, three week ago EOG Resources Inc (NYSE:EOG)’s price target was revised on 10/20/16 by the analysts, however the bullish price estimates of the stock set at $114 while the bearish estimates kept at $83 over the next one year. Stock’s 52-week target was retained at $99.50, the estimates indicates a standard deviation of 9.68.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.00. ABR value is precisely based on brokerage recommendations, where out of 27 brokerage recommendations 13 rate EOG Resources Inc (NYSE:EOG) stock a Strong Buy, 1 rate the stocks of the company a Buy, 13 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 11/16/16 the stock of EOG Resources Inc (NYSE:EOG) upgraded by CapitalOne from Equal Weight to Overweight. However previously on 11/15/16 it was upgraded by CLSA from Underperform to Outperform. A research note issued on 11/11/16 the stock was upgraded by Guggenheim from Neutral to Buy.

EOG Resources Inc (NYSE:EOG) performance over the past one year advanced 16.37% whereas its year to date (YTD) performance indicated a bullish trend of 35.74%. During the last six months the stock rose 15.10%. Quarterly performance of the company shows optimistic momentum of 5.19% while its last one month trend is positive with 1.76%. Stock’s weekly performance expressed up trend of 0.74%.

The company’s price sits 2.33% above from its 50-day moving average of $93.81 and 14.51% far from the stock’s 200-day moving average which is $87.75. EOG Resources Inc (NYSE:EOG)’s shares are currently trading -2.93% away from the 52-week high price of $98.15 and +67.69% far from the 52-week low price of $56.81.

According to consensus agreement of 26 analysts EOG Resources Inc (NYSE:EOG) will report earnings per share of $-0.17 in their quarterly report and it is expected to announce the company’s results on 2/23/17. For the current quarter the company has high EPS estimates of $0.11 in contradiction of low EPS estimates of $-0.39. However a year ago for the same quarter the company has reported $-0.27 EPS. Current year EPS projections for EOG Resources Inc (NYSE:EOG) set at $-1.77 according to the sentiments of 29 analysts, while its lowest earnings estimates are $-2.01 and highest earnings estimates are $-1.08.

According to 7 analysts, EOG Resources Inc (NYSE:EOG)’s revenue estimates for the current quarter are $2.19B meanwhile the company has high revenue estimates of $2.4B in contradiction of low revenue estimates of $1.99B. For the current year the company’s revenue estimates are $7.42B compared to low analyst estimates of $7.23B and high estimates of $7.57B according to the projection of 8 analysts.

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