Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.
EOG Resources (NYSE:EOG) reported quarterly earnings of $3.71 per share which missed the analyst consensus estimate of $4.18 by 11.24 percent. This is a 71.76 percent increase over earnings of $2.16 per share from the
EOG Resources's (NYSE:EOG) short percent of float has risen 23.08% since its last report. The company recently reported that it has 7.50 million shares sold short, which is 1.28% of all regular shares that are available for trading.
EOG Resources (NYSE:EOG) has outperformed the market over the past 15 years by 1.72% on an annualized basis producing an average annual return of 7.92%. Currently, EOG Resources has a market capitalization of $79.02 billion.
Morgan Stanley analyst Devin McDermott upgrades EOG Resources (NYSE:EOG) from Equal-Weight to Overweight and lowers the price target from $149 to $147.