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Wall Street’s Pre-Earnings Release Ratings for EOG Resources

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Wall Street’s ratings for EOG Resources

Currently, ~49% of Wall Street analysts rate EOG Resources (EOG) as a “buy” and ~49% of analysts rate it as a “hold.” Around 2% rate the stock a “sell.” The median price target from these recommendations is $89.19, which is ~11% higher than the July 26, 2016, closing price of $80.45.

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EOG Resources’ individual recommendations

As shown in the above table, the most recent recommendation of “outperform” comes from BMO Capital Markets, issued on July 25, 2016. BMO Capital Markets assigned EOG Resources the target price of $90, which is ~12% higher than its July 26, 2016, closing price of $80.45. BMO Capital Markets did not mention any target date for the target price.

GMP Securities assigned EOG Resources the highest target price of $98, which is ~22% higher than the July 26, 2016, closing price of $80.45. GMP Securities issued their EOG Resources recommendation on July 22 and did not mention any target date for the target price.

Other upstream players

Based on the median price targets of recommendations from Wall Street analysts, upstream companies Pioneer Natural Resources (PXD), Energen (EGN), and Memorial Resources Development (MRD) have potential upsides of ~30%, ~23%, and ~18%, respectively from their July 26, 2016, closing prices. The Energy Select Sector SPDR ETF (XLE) generally invests at least 95% of its total assets in oil and gas companies, whereas the Direxion Daily Energy Bull 3X ETF (ERX) is a leveraged ETF that invests in domestic companies from the energy sector.

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