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 most pessimistic analyst gave a price target of 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -43.27 percent. The average change in earnings estimates over the last 90 days is -55.34 percent. Meanwhile, fiscal year estimates have been revised downwards by -41.95 percent, compared to last month. 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 made positive revisions to their quarterly estimates over the past month, while 10 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 13 analysts that revised their FY estimates downwards.
In the last 52-weeks, EOG has achieved a high of 109.37 and a low of 78.26. Currently the stock is 22.18 percent higher than its low, and 12.58 percent below the high. 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.