Yahoo Finance What Are Analysts Saying about EOG Resources?
Could EOG Resources Report a Loss in 1Q16, as Expected?
Wall Street ratings for EOG Resources
Currently, ~56% of Wall Street analysts rate EOG Resources (EOG) a “buy,” and ~42% rate it a “hold.” About 2% rate the stock a “sell.” The median price target from these recommendations is $82.48, which is ~2% lower than its April 27, 2016, closing price of $84.51.
Based on the median price targets of Wall Street analysts, other upstream companies such as Memorial Resource Development (MRD), Gulfport Energy (GPOR), and Carrizo Oil & Gas (CRZO) have potential upsides of ~23%, ~9%, and ~2%, respectively, from their April 27, 2016, closing prices.
Carrizo Oil & Gas has the advantage of higher operating margins per boe (barrel of oil equivalent) compared to its peers. Memorial Resource Development has 100% hedge protection for its 2016 forecast production. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies. The Vanguard Energy ETF (VDE) invests in the broader energy market.
EOG Resources’ individual recommendations
As you can see in the above table, Bernstein’s most recent recommendation for EOG Resources issued on April 25, 2016, was “outperform.” Bernstein assigned EOG a target price of $82, which is ~3% lower than the April 25, 2016, closing price of $84.51. Bernstein didn’t mention any target date for the target price.
EOG Resources’ lowest and highest target prices
Morgan Stanley assigned EOG Resources the lowest target price of $59. It’s ~30% lower than the April 27, 2016, closing price of $84.51. Morgan Stanley issued its recommendation for EOG on February 26, 2016. It expects the company to reach the target price within 12 months of the date of the recommendation.
The highest target price for EOG Resources came from Coker & Palmer. It assigned EOG a target price of $111, which is ~31% higher than the April 27, 2016, closing price of $84.51. Coker & Palmer issued its recommendation on April 18, 2016. It expects EOG to reach the target price within 12 months of the date of the recommendation.
Next, let’s see how EOG stock has reacted to earnings in the past.
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