5 Mar

EOG Resources: Post-Earnings Wall Street Ratings

WRITTEN BY Nicholas Chapman

Analysts’ recommendations for EOG Resources

As of March 1, 2018, a total of 34 analysts have made recommendations on EOG Resources (EOG) stock, according to Reuters.

Of these, ~29% of analysts have “strong buy” recommendations on the stock, and ~24% have “buy” recommendations on the stock. The remaining ~47% of analysts have “hold” recommendations on EOG. There are no “sell” or “strong sell” recommendations on the stock.

EOG Resources: Post-Earnings Wall Street Ratings

EOG’s median target price

The median target price on EOG Resources stock is $123.00, which is ~22% higher than its March 1, 2018, closing price of $101.18. In the last three months, EOG Resources stock’s median target price has risen from $110.00 to $123.00.

Other oil and gas producers

Based on the median price targets of Wall Street analysts, EOG’s oil and gas peers ConocoPhillips (COP) and Encana (ECA) have potential upsides of ~24%, and ~54%, respectively, compared to their March 1 closing prices. Pioneer Natural Resources (PXD) has a potential upside of ~29%.

Latest articles

The total refiners capacity in the US is around 18.8 million barrels per calendar day. The refinery utilization rate in 2018 was 93%.

Today's Snap earnings (SNAP) are a textbook example of how irrational, or at least unpredictable, market reactions can be.

On October 15, Aphria reported its Q1 earnings. Although Aphria's revenue came in lower than expected, its EBITDA and EPS beat analysts’ expectations.

Back-to-back dismal quarterly performance and a downbeat outlook have kept analysts increasingly cautious about FedEx's (FDX) growth prospects.

Texas Instruments (TXN) reported disappointing Q3 earnings and guidance. Its revenue fell 11.5% YoY to $3.77 billion, missing the estimate by 1.3%.

On October 22, Sprint announced that its True Mobile 5G service covers 16 million people in nine cities. That day, Sprint fell 1.1% and closed at $6.35.