EOG Resources, Inc. (NYSE:EOG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

From MarketBeat:

EOG Resources, Inc. (NYSE:EOG) has a consensus rating of “Moderate Buy” from twenty ratings firms. Eight analysts rated the stock as hold, eleven as buy, and one as strong buy. The average one year price objective is $145.52. Citigroup downgraded EOG Resources from “buy” to “neutral” and lowered their target price from $144.00 to $135.00. (MarketBeat)

EOG Resources’ stock opened at $124.27. The company has a market cap of $72.47 billion, a P/E ratio of 9.23, and a beta of 1.44. It reported $3.44 EPS for the last quarter, surpassing the consensus estimate of $2.95 by $0.49. Revenue was $6.21 billion, beating the estimated $5.91 billion. (MarketBeat)

The quarterly dividend paid by EOG Resources has increased from previous years, with shareholders set to receive $0.91 per share on January 31st. This represents a $3.64 annualized dividend and a yield of 2.93%. EOG Resources’ payout ratio is 24.52%. (MarketBeat)

Institutional investors and hedge funds have recently bought and sold shares of EOG Resources. Pinnacle Holdings LLC, Truvestments Capital LLC, and others have acquired new positions in the company, with hedge funds and institutional investors owning 89.21% of the stock. (MarketBeat)

EOG Resources, Inc. explores, produces, and markets crude oil, natural gas, and natural gas liquids. It operates primarily in New Mexico, Texas, and Trinidad and Tobago. Formerly known as Enron Oil & Gas Company, the company is publicly listed on the New York Stock Exchange. (MarketBeat)



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