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Market Update (NYSE:EOG): EOG Resources to Present at Upcoming Conferences

[PR Newswire] – HOUSTON, May 26, 2016 /PRNewswire/ — EOG Resources, Inc. (NYSE: EOG) (EOG) is scheduled to present at the Bernstein Strategic Decisions Conference at 8 a.m. Central time (9 a.m. Eastern time) on Wednesday, … Read more on this. EOG Resources, Inc. (EOG) , valued at $45.29B, started trading this morning at $83.55. Today, shares have traded between $82.21 and $83.94 per share with its 52-week range being $57.15 to $91.48. EOG shares are currently priced at -38.29x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -1.78x earnings multiple for the same period. The company pays shareholders $0.67 per share annually in dividends, yielding 0.82%. According to a consensus of 32 analysts, the earnings estimate of $-0.59 per share would be $0.28 better than the year-ago quarter and a $0.00 sequential increase. What we find to be interesting is that the full-year EPS estimate of $-2.17 is a $2.23 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.54 Billion. If reported, that would be a 37.65% decrease over the year-ago quarter. Recently, KLR Group downgraded EOG from Buy to Accumulate (May 25, 2016). Previously, Johnson Rice downgraded EOG from Accumulate to Hold. Given all the information above, we should disclose to readers that the average price target is $85.11, which is 1.87% above than it opened this morning. See more in (NYSE:EOG) Similar Articles: Market Update: EOG Resources Inc (NYSE:EOG) – EOG Resources to Present at Upcoming Conferences Market Update (NYSE:PXD): Pioneer Natural Resources To Present At The Citi Global Energy & Utilities Conference Company Update: EOG Resources Inc (NYSE:EOG) – Today’s Review on Independent Oil & Gas Stocks — Denbury Resources, California Resources, Occidental Petroleum, and EOG Resources
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