Analyst Estimates

Analysts Watch on Price Target Estimates: EOG Resources Inc (NYSE:EOG)

EOG Resources Inc (NYSE:EOG) plunged -0.61% during previous trade, a total of 5.76M shares exchanged hands compared with its average trading volume of 4.17M shares whereas its relative volume is 1.22. The stock has a market capitalization of $61.89B along with 576.46M outstanding shares. Stock’s intraday price range hit the peak level of $109.37 and touched the lowest level of $105.19.

Most recently EOG Resources Inc (NYSE:EOG)’s price target was revised on 12/08/16 and according to 39 analysts stock’s price will reach at $108.54 during 52 weeks with standard deviation of 12.46. Stock’s minimum price target estimates has been figured out at $91 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 28% from its latest closing price of $105.83.

Historically, if we look at price target revisions, three week ago EOG Resources Inc (NYSE:EOG)’s price target was revised on 11/17/16 by the analysts, however the bullish price estimates of the stock set at $127 while the bearish estimates kept at $86 over the next one year. Stock’s 52-week target was retained at $103.36, the estimates indicates a standard deviation of 10.71.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.93. ABR value is precisely based on brokerage recommendations, where out of 27 brokerage recommendations 14 rate EOG Resources Inc (NYSE:EOG) stock a Strong Buy, 1 rate the stocks of the company a Buy, 12 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 8/8/16 the stock of EOG Resources Inc (NYSE:EOG) upgraded by Wunderlich from Hold to Buy. However previously on 7/15/16 it was downgraded by Tudor Pickering from Buy to Hold. A research note issued on 5/25/16 the stock was downgraded by KLR Group from Buy to Accumulate.

EOG Resources Inc (NYSE:EOG) performance over the past one year advanced 42.53% whereas its year to date (YTD) performance indicated a bullish trend of 50.78%. During the last six months the stock rose 28.01%. Quarterly performance of the company shows optimistic momentum of 17.27% while its last one month trend is positive with 14.25%. Stock’s weekly performance expressed up trend of 1.31%.

The company’s price sits 10.66% above from its 50-day moving average of $95.70 and 24.03% far from the stock’s 200-day moving average which is $89.58. EOG Resources Inc (NYSE:EOG)’s shares are currently trading -1.53% away from the 52-week high price of $107.47 and +86.27% far from the 52-week low price of $56.81.

According to consensus agreement of 33 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 $-0.42. 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 36 analysts, while its lowest earnings estimates are $-2.03 and highest earnings estimates are $-1.08.

According to 10 analysts, EOG Resources Inc (NYSE:EOG)’s revenue estimates for the current quarter are $2.18B meanwhile the company has high revenue estimates of $2.4B in contradiction of low revenue estimates of $2.06B. For the current year the company’s revenue estimates are $7.38B compared to low analyst estimates of $7.14B and high estimates of $7.57B according to the projection of 13 analysts.

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