Yahoo Finance What Are Wall Street Analysts’ Views on EOG Resources Post-1Q16?
EOG Resources Beats 1Q16 Estimates: How Did Its Stock React?
Wall Street analysts’ ratings for EOG Resources
Currently, ~56% of Wall Street analysts rate EOG Resources (EOG) as a “buy” and ~42% of analysts rate it as a “hold.” Around 2% rate the stock a “sell.” The median price target from these recommendations is $83.29, which is ~6% higher than the closing price of $78.68 on May 6, 2016.
Based on the median price targets of recommendations from Wall Street analysts, upstream companies Pioneer Natural Resources (PXD) and Consol Energy (CNX) have potential upsides of ~13% and ~4%, respectively. Southwestern Energy (SWN) has a potential downside of ~15% from its closing prices on May 6, 2016.
Pioneer Natural Resources (PXD) has a production mix similar to EOG Resources’, which contains around ~51% crude oil (USO). Consol Energy (CNX) and Southwestern Energy (SWN) are tilted towards natural gas (UNG) production, as their production mixes contain more than 90% natural gas. The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies, whereas the ISE-Revere Nat Gas Index ETF (FCG) invests in natural gas producers.
EOG Resources’ individual recommendations
The above table shows Wall Street analysts’ forecasts for EOG Resources following its latest earnings release. The most recent “buy” recommendation comes from Société Générale, issued on May 6, 2016. Société Générale assigned EOG Resources the target price of $87, which is ~11% higher than the closing price of $78.68 on May 6, 2016. Société Générale expects the target price to be reached within 12 months of the date of recommendation.
Morgan Stanley assigned EOG Resources the lowest target price of $59, which is ~25% lower than the May 6 closing price of $78.68. Morgan Stanley issued its recommendation on May 6 and expects the target price to be reached within 12 months of the date of recommendation.
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