Stock Worth Mentioning Today: Can EOG Resources Inc’s Tomorrow be Different? The Stock Declines Again

Stock Worth Mentioning Today: Can EOG Resources Inc's Tomorrow be Different? The Stock Declines Again

The stock of EOG Resources Inc (NYSE:EOG) is a huge mover today! About 1.27M shares traded hands. EOG Resources Inc (NYSE:EOG) has risen 27.03% since March 11, 2016 and is uptrending. It has outperformed by 21.57% the S&P500.
The move comes after 6 months negative chart setup for the $51.78B company. It was reported on Oct, 14 by Barchart.com. We have $88.19 PT which if reached, will make NYSE:EOG worth $3.62B less.

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 24 analysts covering EOG Resources (NYSE:EOG), 13 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 54% are positive. EOG Resources has been the topic of 52 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by Susquehanna to “Neutral” on Wednesday, May 11. Argus Research maintained EOG Resources Inc (NYSE:EOG) on Thursday, December 10 with “Buy” rating. The stock has “Hold” rating given by Societe Generale on Monday, October 3. The stock of EOG Resources Inc (NYSE:EOG) has “Buy” rating given on Thursday, September 22 by Citigroup. As per Tuesday, March 29, the company rating was maintained by Deutsche Bank. The stock has “Overweight” rating given by Barclays Capital on Monday, November 9. The rating was initiated by GMP Securities on Wednesday, February 3 with “Buy”. Bernstein maintained the stock with “Outperform” rating in Monday, May 16 report. Credit Suisse downgraded the stock to “Neutral” rating in Tuesday, September 8 report. RBC Capital Markets maintained EOG Resources Inc (NYSE:EOG) on Wednesday, September 7 with “Sector Perform” rating.

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.
Davis R M Incorporated last reported 4,194 shares in the company. Farmers Merchants holds 0% or 97 shares in its portfolio. Oakworth reported 92 shares or 0% of all its holdings. Texas Capital Incorporated Tx holds 0.76% of its portfolio in EOG Resources Inc (NYSE:EOG) for 4,040 shares. Sumitomo Life Insur has 35,950 shares for 0.41% of their US portfolio. Cedar Hill Associate Limited Liability has 189,545 shares for 2.71% of their US portfolio. Moreover, Hbk Sorce Advisory Ltd has 0.04% invested in EOG Resources Inc (NYSE:EOG) for 2,429 shares. Kbc Gru Nv last reported 278,798 shares in the company. Amica Retiree Med Tru owns 3,098 shares or 0.22% of their US portfolio. Buffington Mohr Mcneal last reported 7,525 shares in the company. Jag Capital Management Ltd Liability has 0.5% invested in the company for 27,483 shares. Moreover, Commerzbank Aktiengesellschaft Fi has 0.05% invested in EOG Resources Inc (NYSE:EOG) for 82,585 shares. Comml Bank Of Nova Scotia last reported 10,987 shares in the company. Geneva Advsrs Limited Liability Co owns 16,910 shares or 0.03% of their US portfolio. Artisan Prtnrs Partnership holds 0.09% of its portfolio in EOG Resources Inc (NYSE:EOG) for 491,683 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 12 sales for $5.37 million net activity. Janssen Ann D. sold 831 shares worth $70,596. Trice David W also sold $446,591 worth of EOG Resources Inc (NYSE:EOG) on Thursday, September 29. The insider DRIGGERS TIMOTHY K sold $818,788. Another trade for 2,026 shares valued at $187,700 was made by WISNER FRANK G on Monday, September 12. The insider Helms Lloyd W Jr sold 4,875 shares worth $418,819. On Tuesday, September 20 Donaldson Michael P sold $771,043 worth of the stock or 8,473 shares. Shares for $1.54 million were sold by Thomas William R..

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.”, Seekingalpha.com published: “EOG Resources Should Go Above $100” on October 09, 2016. More interesting news about EOG Resources Inc (NYSE:EOG) was released by: Nasdaq.com and their article: “EOG Resources, Inc. (EOG) Ex-Dividend Date Scheduled for October 13, 2016” with publication date: October 12, 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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