Worth Watching: Can EOG Resources Inc’s Tomorrow Be Different? The Stock Increases Again

Worth Watching: Can EOG Resources Inc's Tomorrow Be Different? The Stock Increases Again

The stock of EOG Resources Inc (NYSE:EOG) is a huge mover today! About 4.73M shares traded hands or 37.90% up from the average. EOG Resources Inc (NYSE:EOG) has risen 9.38% since April 27, 2016 and is uptrending. It has outperformed by 4.16% the S&P500.
The move comes after 9 months positive chart setup for the $58.23B company. It was reported on Nov, 30 by Barchart.com. We have $106.23 PT which if reached, will make NYSE:EOG worth $2.33 billion more.

Analysts await EOG Resources Inc (NYSE:EOG) to report earnings on February, 23. They expect $-0.15 EPS, up 44.44% or $0.12 from last year’s $-0.27 per share. After $-0.40 actual EPS reported by EOG Resources Inc for the previous quarter, Wall Street now forecasts -62.50% EPS growth.

EOG Resources Inc (NYSE:EOG) Ratings Coverage

Out of 27 analysts covering EOG Resources (NYSE:EOG), 17 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 63% are positive. EOG Resources has been the topic of 57 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, September 8 by Credit Suisse. The stock of EOG Resources Inc (NYSE:EOG) earned “Buy” rating by S&P Research on Monday, August 10. The rating was downgraded by Johnson Rice to “Hold” on Thursday, May 19. The company was maintained on Tuesday, January 26 by Susquehanna. The stock of EOG Resources Inc (NYSE:EOG) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, September 7. The rating was maintained by RBC Capital Markets on Monday, November 9 with “Outperform”. The firm has “Outperform” rating given on Monday, August 10 by Credit Agricole. Argus Research maintained EOG Resources Inc (NYSE:EOG) rating on Thursday, December 10. Argus Research has “Buy” rating and $96.0 price target. The firm has “Outperform” rating by Oppenheimer given on Monday, August 10. The firm has “Buy” rating by Guggenheim given on Friday, November 11.

According to Zacks Investment Research, “EOG Resources, Inc. is engaged, either directly or through a marketing subsidiary with regard to domestic operations or through various subsidiaries with regard to international operations, in the exploration for, and the development, production and marketing of, natural gas and crude oil primarily in major producing basins in the United States, as well as in Canada and Trinidad. The company’s business strategy is to maximize the rate of return on investment of capital by controlling all operating and capital costs.”

Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.17, from 0.89 in 2016Q1. The ratio increased, as 66 funds sold all EOG Resources Inc shares owned while 316 reduced positions. 71 funds bought stakes while 268 increased positions. They now own 484.89 million shares or 3.64% less from 503.18 million shares in 2016Q1.
The United Kingdom-based Gulf Bancorp (Uk) Ltd has invested 0.23% in EOG Resources Inc (NYSE:EOG). Eaton Vance Mngmt owns 2.62 million shares or 0.64% of their US portfolio. Bp Public Ltd Com has invested 0.23% of its portfolio in EOG Resources Inc (NYSE:EOG). Cordasco Financial Network accumulated 0.21% or 2,225 shares. Vantage Inv Ptnrs Ltd Liability accumulated 0.36% or 41,517 shares. The Kentucky-based Alphamark Advsrs Ltd Com has invested 2.07% in EOG Resources Inc (NYSE:EOG). Tctc Limited Liability, a Texas-based fund reported 3,864 shares. Verition Fund Lc holds 0.03% or 2,900 shares in its portfolio. The South Dakota-based Dorsey & Whitney Tru Limited Liability Corp has invested 0.11% in EOG Resources Inc (NYSE:EOG). Next Financial Grp last reported 0.06% of its portfolio in the stock. Delta Lloyd Nv accumulated 0.1% or 35,889 shares. Nationwide Fund accumulated 0.18% or 488,370 shares. The Missouri-based Confluence Investment Mgmt Lc has invested 0.01% in EOG Resources Inc (NYSE:EOG). B T Dba Alpha last reported 27,814 shares in the company. Spears Abacus Advisors Ltd Liability Com has invested 0.03% of its portfolio in EOG Resources Inc (NYSE:EOG).

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 15 sales for $7.33 million net activity. $261,526 worth of EOG Resources Inc (NYSE:EOG) was sold by WISNER FRANK G on Tuesday, June 7. 8,763 shares were sold by DRIGGERS TIMOTHY K, worth $818,788 on Wednesday, September 21. $418,819 worth of EOG Resources Inc (NYSE:EOG) was sold by Helms Lloyd W Jr on Wednesday, June 8. Another trade for 14,000 shares valued at $1.30M was made by CRISP CHARLES R on Monday, November 14. Another trade for 16,581 shares valued at $1.54 million was sold by Thomas William R.. 4,600 EOG Resources Inc (NYSE:EOG) shares with value of $446,591 were sold by Trice David W. $415,152 worth of EOG Resources Inc (NYSE:EOG) was sold by Donaldson Michael P on Monday, November 7.

More important recent EOG Resources Inc (NYSE:EOG) news were published by: Seekingalpha.com which released: “EOG Resources – A Shining Shale Star” on November 30, 2016, also Fool.com published article titled: “EOG Resources, Inc. Is in a Class All by Itself”, Fool.com published: “3 Remarkable Numbers From EOG Resources Inc’s Q3 Report” on November 04, 2016. More interesting news about EOG Resources Inc (NYSE:EOG) was released by: Seekingalpha.com and their article: “EOG Resources: Long-Term Play” with publication date: November 28, 2016.

EOG Company Profile

EOG Resources, Inc. (EOG), incorporated on June 12, 1985, explores for, develops, produces and markets natural gas and crude oil primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas. The Company’s activities are all natural gas and crude oil exploration and production related. EOG’s total estimated net proved reserves include approximately 2,118 million barrels of oil equivalent (MMBoe), of which over 1,098 million barrels (MMBbl) is crude oil and condensate reserves, approximately 383 MMBbl include natural gas liquids (NGLs) reserves and over 3,825 billion cubic feet, or 637 MMBoe, includes natural gas reserves.

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