Analyst Ratings for EOG Resources Inc. (EOG)Updated: 2017-07-28
An average rating of Overweight has been given to EOG Resources Inc. (NYSE:EOG) by analysts covering the stock. EOG had previously received a consensus rating of Overweight a month ago.
17 analysts declared EOG a buy, 5 gave an overweight rating, 15 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 3 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
A number of analysts gave price targets for EOG. The most optimistic analyst gave a price target of 131, implying potential capital gains of 37.01 percent. The minimum price target given was 86, implying potential capital losses of -10.06 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates downwards for this quarter, by about -43.27 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -55.34 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -41.95 percent. If we look at the last 90 days instead, we find a net average change of -46.5 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 10 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 13 analysts decreased their estimates.
In the last 52-weeks, EOG has achieved a high of 109.37 and a low of 78.26. Today's price is 22.18 percent above the 52-week low, and below the high by 12.58 percent. EOG has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The EOG value stock report compares EOG to some of its peers using value stock charts. The stock has a market capitalization of $55.41 billion. EOG is estimated to release their earnings results for the quarter on 0000-00-00, days from today.