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

[PR Newswire] – HOUSTON, May 3, 2016 /PRNewswire/ — EOG Resources, Inc. (NYSE: EOG) (EOG) is scheduled to present at the Citi Global Energy and Utilities Conference at 7:00 a.m. Central time (8:00 a.m. Eastern time) … Read more on this. EOG Resources, Inc. (EOG) , with a current value of $44.34B, began trading this morning at $81.44. Today, shares have traded between $80.05 and $82.23 per share with a trailing 52-week range being $57.15 to $96.86. EOG shares are currently priced at -36.96x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 3.39x earnings multiple. And for passive income investors, the company pays shareholders $0.67 per share annually in dividends, yielding 0.81%. In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $-0.84 per share, which would be $0.03 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-2.24 which would be a $2.30 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.67 Billion. If realized, that would be a 28.02% decrease over the year-ago quarter. More recently, Deutsche Bank downgraded EOG from Buy to Hold (Apr 21, 2016). Previously, Stifel downgraded EOG from Buy to Hold. Investors should keep in mind is that the average price target is $79.42, which is 2.48% below where the stock opened this morning. See more in (NYSE:EOG) Similar Articles: 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 Market Update: EOG Resources Inc (NYSE:EOG) – EOG Resources Announces Webcast of Fourth Quarter and Full Year 2015 Results Conference Call on February 26, 2016
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