Exclusive: Eog Resources Inc’s (NYSE:EOG) Sentiment is 1.06

November 24, 2016 - By Vivian Park   ·   0 Comments

Exclusive: Eog Resources Inc's (NYSE:EOG) Sentiment is 1.06

Sentiment for Eog Resources Inc (NYSE:EOG)

Eog Resources Inc (NYSE:EOG) institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.17, from 0.89 in 2016Q1. The ratio is better, as 339 investment professionals started new or increased holdings, while 382 sold and reduced stock positions in Eog Resources Inc. The investment professionals in our partner’s database now have: 484.89 million shares, down from 503.18 million shares in 2016Q1. Also, the number of investment professionals holding Eog Resources Inc in their top 10 holdings increased from 17 to 18 for an increase of 1. Sold All: 66 Reduced: 316 Increased: 268 New Position: 71.

EOG Resources, Inc. 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 has a market cap of $55.68 billion. The Company’s activities are all natural gas and crude oil exploration and production related. It currently has negative earnings. 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.

The stock increased 1.82% or $1.73 on November 23, hitting $97. About 2.68M shares traded hands. EOG Resources Inc (NYSE:EOG) has risen 19.87% since April 22, 2016 and is uptrending. It has outperformed by 14.46% the S&P500.

Analysts await EOG Resources Inc (NYSE:EOG) to report earnings on February, 23. They expect $-0.15 EPS, up 44.44% or $0.12 from last year’s $-0.27 per share. After $-0.40 actual EPS reported by EOG Resources Inc for the previous quarter, Wall Street now forecasts -62.50% EPS growth.

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.”

Astenbeck Capital Management Llc holds 17.98% of its portfolio in EOG Resources Inc for 262,000 shares. Oceanic Investment Management Ltd owns 228,300 shares or 9.05% of their US portfolio. Moreover, Sterling Investment Management Inc. has 7.16% invested in the company for 17,411 shares. The New York-based Grisanti Capital Management Llc has invested 5.87% in the stock. Telemark Asset Management Llc, a Massachusetts-based fund reported 300,000 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 15 insider sales for $7.33 million net activity.

EOG Resources Inc (NYSE:EOG) Ratings Coverage

Ratings analysis reveals 63% of EOG Resources’s analysts are positive. Out of 27 Wall Street analysts rating EOG Resources, 17 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $61 while the high is $112. The stock’s average target of $93.53 is -3.58% below today’s ($97) share price. EOG was included in 57 notes of analysts from July 22, 2015. The company was downgraded on Thursday, May 19 by Johnson Rice. The company was upgraded on Monday, August 10 by Credit Agricole. S&P Research maintained the shares of EOG in a report on Monday, August 10 with “Buy” rating. The firm has “Hold” rating by Jefferies given on Wednesday, September 7. Credit Suisse downgraded EOG Resources Inc (NYSE:EOG) on Tuesday, September 8 to “Neutral” rating. The rating was downgraded by Tudor Pickering to “Buy” on Friday, July 15. As per Wednesday, November 16, the company rating was upgraded by Capital One. The rating was maintained by Barclays Capital with “Overweight” on Thursday, September 1. The stock of EOG Resources Inc (NYSE:EOG) earned “Overweight” rating by Barclays Capital on Thursday, July 14. The firm earned “Outperform” rating on Monday, August 10 by Oppenheimer.

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.

More news for EOG Resources Inc (NYSE:EOG) were recently published by: Fool.com, which released: “EOG Resources, Inc. Is in a Class All by Itself” on November 22, 2016. Fool.com‘s article titled: “3 Remarkable Numbers From EOG Resources Inc’s Q3 Report” and published on November 04, 2016 is yet another important article.

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By Vivian Park


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