EOG Resources (NYSE:EOG) Rating Maintained

EOG Resources (NYSE:EOG) had its stock rating noted as “Buy” by analysts at Stifel. Stifel currently has a $134.0 target price per share on the $58.78B market cap company or 33.91 % upside potential. This was shown in an analyst note on Monday, 12 February.

NYSE:EOG is currently trading 0.03% higher at $101.66 as of 6:05 AM New York time. EOG Resources’s stock is 0% in the past 200 days. It has underperformed the S&P 500, which has risen 6.00% in the same time.

Out of 36 brokers covering EOG Resources, 20 rate it a Buy, 20 indicate a Hold while 0 suggest a Sell. The highest target is $114 and the lowest is $69 according to Thomson/First Call. The 12-month mean target is $86.53, which means downside potential of 14.88% over the current price.

Institutional Ownership

Astenbeck Capital Management Llc had the biggest stake with ownership of 262,000 shares as of q2 2015 for 20.31% of the stock exposure. Oceanic Investment Management Ltd is another quite bullish fund who is having 206,000 shares of EOG Resources or 9.56% of their stock exposure. Further, Kanaly Trust Co have 6.76% of their stock exposure invested in the company for 329,817 shares. The Massachusetts-based fund Telemark Asset Management Llc disclosed it had purchased a stake worth about 6.02% of the fund’s stock portfolio in EOG Resources. The New York-based fund Talara Capital Management Llc is also positive about the stock, possessing 300,000 shares or 4.91% of their stock exposure.

EOG Resources (NYSE:EOG) Profile

EOG Resources, Inc. explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related. As of December 31, 2016, its total estimated net proved reserves were over 2,147 million barrels of oil equivalent (MMBoe), of which over 1178 million barrels (MMBbl) were crude oil and condensate reserves, over 416 MMBbl were natural gas liquids reserves and over 3318 billion cubic feet, or 553 MMBoe, were natural gas reserves.

EOG Resources (NYSE:EOG) traded up 0.03% on 12 February, hitting $101.66. A total of 913,550 shares of the company’s stock traded hands. This is down from average of 2.71 million shares. EOG Resources has a 52 week low of $81.99 and a 52 week high of $109.37. The company has a market cap of $58.78 billion and a P/E ratio of 7340.07.

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The post Stifel Reconfirmed EOG Resources (NYSE:EOG) As “Buy”; Has Price Target Of $134.0 appeared first on Octafinance.