Somewhat Favorable Press Coverage Somewhat Unlikely to Affect EOG Resources (EOG) Share Price
Press coverage about EOG Resources (NYSE:EOG) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the energy exploration company an impact score of 46.8972834213033 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- EOG Resources Inc (EOG) Volume Trending Higher – Evergreen Caller (evergreencaller.com)
- Profits And Production Growth Aren’t Enough To Push EOG Higher, $55 WTI Needed – Seeking Alpha (seekingalpha.com)
- 3 Things National-Oilwell Varco, Inc.'s CEO Wants You to Know (finance.yahoo.com)
- Cabot Oil & Gas Corporation (COG) & EOG Resources (EOG) Financial Comparison (americanbankingnews.com)
- Evening Sector Snapshot: Retail, Oil & Gas Rebound (finance.yahoo.com)
Shares of EOG Resources (EOG) traded down 0.88% during mid-day trading on Wednesday, reaching $90.35. 3,289,080 shares of the company’s stock were exchanged. The stock’s market cap is $52.17 billion. EOG Resources has a one year low of $85.88 and a one year high of $109.37. The company has a 50 day moving average price of $91.04 and a 200-day moving average price of $94.72.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) 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 the consensus estimate of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. EOG Resources’s revenue was up 47.1% on a year-over-year basis. During the same period last year, the business earned ($0.38) EPS. On average, analysts predict that EOG Resources will post $0.57 EPS for the current year.
EOG has been the subject of a number of research analyst reports. Raymond James Financial, Inc. upgraded EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Wednesday, May 10th. Wells Fargo & Company upgraded EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Wednesday, May 10th. Barclays PLC boosted their price objective on EOG Resources from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Wednesday, May 10th. William Blair restated an “outperform” rating and set a $115.00 price objective (down previously from $125.00) on shares of EOG Resources in a report on Thursday, May 11th. Finally, Royal Bank Of Canada set a $115.00 price objective on EOG Resources and gave the stock a “hold” rating in a report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $108.23.
COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect EOG Resources (EOG) Share Price” was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-eog-resources-eog-share-price/1466670.html.
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.
Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.