Analyst Estimates

Experts Analysis on Price Reaction History: EOG Resources Inc (NYSE:EOG)

EOG Resources Inc (NYSE:EOG) soared 0.63% during previous trade, a total of 6.98M shares exchanged hands compared with its average trading volume of 3.63M shares whereas its relative volume is 2.21. The stock has a market capitalization of $54.92B along with 576.83M outstanding shares. Stock’s intraday price range hit the peak level of $96.97 and touched the lowest level of $95.65.

Most recently EOG Resources Inc (NYSE:EOG)’s price target was revised on 3/16/17 and according to 38 analysts stock’s price will reach at $114.47 during 52 weeks with standard deviation of 14.57. Stock’s minimum price target estimates has been figured out at $94 while the maximum price target forecast is established at $143, if we look at the price target with an optimistic approach it has upside potential of 49% from its latest closing price of $96.43.

Historically, if we look at price target revisions, three week ago EOG Resources Inc (NYSE:EOG)’s price target was revised on 2/16/17 by the analysts, however the bullish price estimates of the stock set at $129 while the bearish estimates kept at $86 over the next one year. Stock’s 52-week target was retained at $109.39, the estimates indicates a standard deviation of 13.21.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.77. ABR value is precisely based on brokerage recommendations, where out of 26 brokerage recommendations 16 rate EOG Resources Inc (NYSE:EOG) stock a Strong Buy, 0 rate the stocks of the company a Buy, 10 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 3/6/17 the stock of EOG Resources Inc (NYSE:EOG) upgraded by Tudor Pickering from Hold to Buy. However previously on 12/1/16 1/4/17 it was upgraded by BofA/Merrill from Neutral to Buy. A research note issued on 11/16/16 the stock was upgraded by Stifel from Hold to Buy.

EOG Resources Inc (NYSE:EOG) performance over the past one year advanced 50.23% whereas its year to date (YTD) performance indicated a bullish trend of 0.29%. During the last six months the stock rose 12.17%. Quarterly performance of the company shows optimistic momentum of 10.92% while its last one month trend is negative with -3.95%. Stock’s weekly performance expressed up trend of 4.16%.

The company’s price sits -1.79% below from its 50-day moving average of $98.85 and 10.81% far from the stock’s 200-day moving average which is $97.55. EOG Resources Inc (NYSE:EOG)’s shares are currently trading -7.29% away from the 52-week high price of $109.19 and +63.11% far from the 52-week low price of $62.06.

According to consensus agreement of 27 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 5/4/17. For the current quarter the company has high EPS estimates of $0.37 in contradiction of low EPS estimates of $-0.1. However a year ago for the same quarter the company has reported $-0.83 EPS. Current year EPS projections for EOG Resources Inc (NYSE:EOG) set at $1.36 according to the sentiments of 36 analysts, while its lowest earnings estimates are $0.59 and highest earnings estimates are $3.5.

According to 7 analysts, EOG Resources Inc (NYSE:EOG)’s revenue estimates for the current quarter are $2.44B meanwhile the company has high revenue estimates of $2.58B in contradiction of low revenue estimates of $2.23B. For the current year the company’s revenue estimates are $10.8B compared to low analyst estimates of $10.06B and high estimates of $11.63B according to the projection of 10 analysts.

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