EOG Resources’ Wall Street Ratings after Its 3Q17 Results



Analyst recommendations for EOG Resources

As of November 6, 2017, ~60% of the analysts covering EOG Resources (EOG) stock recommend a “strong buy” or a “buy.” As of November 6, 2017, Reuters reported 35 analysts with recommendations on EOG stock, of which ten recommend a “strong buy” and 11 recommend a “buy,” while 14 recommend a “hold.” There are no “sell” or “strong sell” recommendations on the stock.

EOG’s target prices and recommendation changes

The median target price for EOG Resources stock is now $105.00, or ~2% lower than its November 6, 2017, closing price of $106.96.

Since EOG’s 3Q17 results were released, the number of analysts giving a “hold” recommendation on the stock has risen from 13 to 14. The number of “strong buy,” “buy,” “sell,” and “strong sell” ratings remain unchanged. Since EOG’s 3Q17 earnings, EOG’s median target price has risen from $104.00 to $105.00.

Other oil and gas producers

Based on the median price targets from Wall Street analysts, oil and gas peers Diamondback Energy (FANG) and Consol Energy (CNX) have potential upsides of ~9% and ~22%, respectively, from their closing prices on November 6. Southwestern Energy (SWN) has a potential upside of ~35%.

Notably, CNX and SWN are primarily natural gas (BOIL) producers and operate in the Appalachian region of the US.

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