EOG Resources (EOG) Getting Somewhat Favorable News Coverage, Study Shows
Media headlines about EOG Resources (NYSE:EOG) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EOG Resources earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the energy exploration company an impact score of 46.2767760846192 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- EOG Resources, Inc. (EOG) Coverage Initiated at Imperial Capital (americanbankingnews.com)
- EOG RESOURCES INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- XLE, CVX, COP, EOG: Large Outflows Detected at ETF (nasdaq.com)
- Natural Gas Price Rises Following Modest Storage Build (247wallst.com)
- EOG Resources Breaks Above 200-Day Moving Average – Bullish for EOG (nasdaq.com)
EOG Resources (NYSE EOG) traded down 0.08% on Friday, reaching $96.74. 2,010,864 shares of the company traded hands. The company’s market capitalization is $55.86 billion. The company has a 50-day moving average price of $87.81 and a 200-day moving average price of $91.61. EOG Resources has a 12 month low of $81.99 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the firm posted ($0.38) earnings per share. The company’s quarterly revenue was up 47.1% on a year-over-year basis. Equities research analysts expect that EOG Resources will post $0.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently -131.37%.
A number of research firms have recently weighed in on EOG. Imperial Capital began coverage on EOG Resources in a research report on Thursday. They set an “outperform” rating and a $115.00 price objective on the stock. Morgan Stanley raised EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $97.00 to $106.00 in a research report on Tuesday, September 12th. Credit Suisse Group set a $108.00 price objective on EOG Resources and gave the stock a “hold” rating in a research report on Friday, June 2nd. Barclays PLC reaffirmed an “overweight” rating and set a $101.00 price objective (up previously from $94.00) on shares of EOG Resources in a research report on Thursday, August 3rd. Finally, Atlantic Securities raised EOG Resources from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $98.00 to $100.00 in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have issued a buy rating to the company. EOG Resources presently has an average rating of “Buy” and a consensus price target of $107.84.
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In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of EOG Resources stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the transaction, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.53% of the company’s stock.
About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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