The stock of EOG Resources Inc (NYSE:EOG) hit a new 52-week high and has $120.12 target or 24.00% above today’s $96.87 share price. The 8 months bullish chart indicates low risk for the $53.96 billion company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $120.12 price target is reached, the company will be worth $12.95B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.36 million shares traded hands. EOG Resources Inc (NYSE:EOG) has risen 40.81% since February 26, 2016 and is uptrending. It has outperformed by 30.39% the S&P500.
Analysts await EOG Resources Inc (NYSE:EOG) to report earnings on November, 3. They expect $-0.23 earnings per share, down 1,250.00% or $0.25 from last year’s $0.02 per share. After $-0.38 actual earnings per share reported by EOG Resources Inc for the previous quarter, Wall Street now forecasts -39.47% EPS growth.
EOG Resources Inc (NYSE:EOG) Ratings Coverage
Out of 22 analysts covering EOG Resources (NYSE:EOG), 12 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 55% are positive. EOG Resources has been the topic of 50 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of EOG Resources Inc (NYSE:EOG) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, September 7. The stock of EOG Resources Inc (NYSE:EOG) has “Buy” rating given on Friday, July 15 by Tudor Pickering. S&P Research maintained the shares of EOG in a report on Monday, August 10 with “Buy” rating. The stock has “Buy” rating given by GMP Securities on Wednesday, February 3. The stock of EOG Resources Inc (NYSE:EOG) earned “Hold” rating by Jefferies on Wednesday, September 7. Susquehanna maintained the stock with “Positive” rating in Tuesday, January 26 report. The rating was maintained by Barclays Capital with “Overweight” on Thursday, July 14. CLSA upgraded the shares of EOG in a report on Monday, August 10 to “Underperform” rating. The stock has “Market Perform” rating given by Raymond James on Monday, November 9. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, April 6.
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 decreased to 0.89 in Q2 2016. Its down 0.11, from 1 in 2016Q1. The ratio dived, 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.
Moreover, Gulf Retail Bank (Uk) has 0.23% invested in EOG Resources Inc (NYSE:EOG) for 165,693 shares. Sit Inv Associate owns 14,295 shares or 0.03% of their US portfolio. The New York-based Citigroup has invested 0.01% in EOG Resources Inc (NYSE:EOG). Atalanta Sosnoff Ltd Co accumulated 3,385 shares or 0.01% of the stock. Northstar Investment Advisors Ltd Limited Liability Company holds 0.27% or 13,800 shares in its portfolio. British Columbia Investment Management Corp last reported 356,145 shares in the company. Mai Cap holds 2,907 shares or 0.02% of its portfolio. Bath Savings Co reported 6,700 shares or 0.17% of all its holdings. Susquehanna Intl Group Llp holds 0% of its portfolio in EOG Resources Inc (NYSE:EOG) for 5,399 shares. Citizens Northern accumulated 0.79% or 12,167 shares. Moreover, Amp Capital Limited has 0.11% invested in EOG Resources Inc (NYSE:EOG) for 201,273 shares. Prudential Financial last reported 781,010 shares in the company. Toronto Dominion National Bank last reported 0% of its portfolio in the stock. New York State Teachers Retirement System accumulated 981,724 shares or 0.22% of the stock. Tctc Lc reported 3,864 shares or 0.02% of all its holdings.
Insider Transactions: Since April 8, 2016, the stock had 0 buys, and 11 sales for $5.18 million net activity. $398,891 worth of EOG Resources Inc (NYSE:EOG) was sold by Helms Lloyd W Jr. Shares for $261,526 were sold by WISNER FRANK G. The insider Thomas William R. sold $1.54 million. The insider Janssen Ann D. sold $123,314. Donaldson Michael P sold 8,473 shares worth $771,043. The insider DRIGGERS TIMOTHY K sold $818,788.
More important recent EOG Resources Inc (NYSE:EOG) news were published by: Fool.com which released: “EOG Resources, Inc. Might Have Made the M&A Deal of the Year” on September 27, 2016, also Fool.com published article titled: “A Strong Case for Buying EOG Resources Inc.”, Fool.com published: “EOG Resources Inc. Just Did Something It Almost Never Does” on September 07, 2016. More interesting news about EOG Resources Inc (NYSE:EOG) was released by: Fool.com and their article: “4 Things EOG Resources Inc’s CEO Wants You to Know” with publication date: August 31, 2016.
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