EOG Resources (EOG) Receiving Somewhat Positive News Coverage, Study Shows
Headlines about EOG Resources (NYSE:EOG) have been trending somewhat positive on Tuesday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EOG Resources earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media stories about the energy exploration company an impact score of 46.979782744713 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- What Does EOG Resources Inc’s (EOG) Share Price Indicate? (finance.yahoo.com)
- EOG Resources, Inc. Plans Quarterly Dividend of $0.17 (EOG) (americanbankingnews.com)
- Oklahoma Oil and Gas Drilling Intents and Completions for Sept. 4-8 (tulsaworld.com)
- EOG Resources, Inc. (EOG) Price Target Cut to $94.00 by Analysts at Piper Jaffray Companies (americanbankingnews.com)
- Development Wells for Sept. 17 (mrt.com)
Several analysts recently issued reports on EOG shares. Stifel Nicolaus restated a “buy” rating and set a $111.00 target price on shares of EOG Resources in a research report on Friday, May 26th. Piper Jaffray Companies restated an “overweight” rating and set a $114.00 target price on shares of EOG Resources in a research report on Wednesday, May 31st. Credit Suisse Group set a $108.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research report on Friday, June 2nd. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, FBR & Co cut their target price on shares of EOG Resources from $122.00 to $108.00 and set an “outperform” rating for the company in a research report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $107.54.
Shares of EOG Resources (NYSE:EOG) traded up 0.09% during midday trading on Tuesday, reaching $93.13. 2,074,609 shares of the company traded hands. The firm’s market capitalization is $53.78 billion. The stock has a 50 day moving average price of $87.81 and a 200 day moving average price of $91.61. EOG Resources has a 1-year low of $81.99 and a 1-year high of $109.37.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.38) EPS. Analysts expect that EOG Resources will post $0.60 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be issued a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.72%. EOG Resources’s payout ratio is currently -131.37%.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of EOG Resources stock in a transaction on Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the transaction, the executive vice president now owns 70,987 shares in the company, valued at approximately $6,262,473.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.53% of the company’s stock.
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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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