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Wall Street’s Pre-Earnings Ratings for EOG Resources

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Wall Street ratings for EOG Resources

Currently, ~48% of Wall Street analysts rate EOG Resources (EOG) as a “buy,” and ~50% of analysts rate it as a “hold.” Around 2% rate the stock as a “sell.”

The stock’s median price target is $102.16, ~11% higher than its October 26, 2016, closing price of $92.14.

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EOG Resources’ individual recommendations

As shown in the table above, the stock’s most recent “outperform” recommendation comes from Bernstein on October 27, 2016. Bernstein assigned EOG Resources a target price of $110, ~19% higher than its October 26, 2016, closing price of $92.14. Bernstein didn’t mention any target date for the target price.

GMP Securities assigned EOG Resources its highest target price of $136, ~48% higher than its October 26, 2016, closing price of $92.14. GMP Securities issued its recommendation on EOG Resources on September 19. It didn’t mention any target date for the target price.

Other upstream players

Based on the median price targets of recommendations from Wall Street analysts, other upstream companies such as Pioneer Natural Resources (PXD), Sanchez Energy (SN), and Parsley Energy (PE) have potential upsides of ~16%, ~29%, and ~17%, respectively, compared to their October 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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