Wells Fargo Upgrades EOG Resources to Overweight, Announces $88 Price Target
Wells Fargo analyst Nitin Kumar upgrades EOG Resources (NYSE:EOG) from Equal-Weight to Overweight and announces $88 price target.
Return on Capital Employed Overview: EOG Resources
After pulling data from Benzinga Pro it seems like during Q2, EOG Resources (NYSE:EOG) earned $1.17 billion, a 25.64% increase from the preceding quarter. EOG Resources also posted a total of $4.14 billion in sales, a 12.05% increase since Q1.
Expert Ratings For EOG Resources
Analysts have provided the following ratings for EOG Resources (NYSE:EOG) within the last quarter:
Last 30 Days
1 Month Ago
2 Months Ago
Mizuho Maintains Buy on EOG Resources, Lowers Price Target to $110
Mizuho analyst Vincent Lovaglio maintains EOG Resources (NYSE:EOG) with a Buy and lowers the price target from $112 to $110.
Understanding EOG Resources’s Unusual Options Activity
On Thursday, shares of EOG Resources (NYSE:EOG) saw unusual options activity. After the option alert, the stock price moved up to $71.55.
Recap: EOG Resources Q2 Earnings
Shares of EOG Resources (NYSE:EOG) fell in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 852.17% year over year to $1.73, which beat the estimate of $1.45.
EOG Resources Q2 EPS $1.73 Beats $1.45 Estimate, Sales $4.14B Beat $3.88B Estimate
EOG Resources (NYSE:EOG) reported quarterly earnings of $1.73 per share which beat the analyst consensus estimate of $1.45 by 19.31 percent. This is a 852.17 percent increase over losses of $(0.23) per share from the
Earnings Scheduled For August 4, 2021
Companies Reporting Before The Bell
• UroGen Pharma (NASDAQ:URGN) is projected to report earnings for its second quarter.
Analyzing EOG Resources’s Unusual Options Activity
On Friday, shares of EOG Resources (NYSE:EOG) saw unusual options activity. After the option alert, the stock price moved down to $72.72.
Morgan Stanley’s Top Oil & Gas Plays Ahead Of Q2 Earnings
Despite a recent sector sell-off in oil and gas, a Morgan Stanley analyst cites a "consistent execution on spending" and strong excess cash flow usage "towards capital returns and debt reduction" as reasons to remain favorable.