EOG Resources Given New $124.00 Price Target at Susquehanna
EOG Resources Given New $124.00 Price Target at Susquehanna (EOG)
March 19th, 2013 - 0 comments - Filed Under - by Trevor Kearing
Research analysts at Susquehanna lifted their target price on shares of EOG Resources (NYSE: EOG) from $104.00 to $124.00 in a report released on Tuesday.
Shares of EOG Resources (NYSE: EOG) traded down 1.29% during mid-day trading on Tuesday, hitting $127.27. EOG Resources has a one year low of $82.48 and a one year high of $138.20. The stock’s 50-day moving average is currently $127.9. The company has a market cap of $34.585 billion and a P/E ratio of 61.10.
EOG Resources (NYSE: EOG) last issued its quarterly earnings data on Thursday, February 14th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.24. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that EOG Resources will post $5.78 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on EOG. Analysts at TheStreet reiterated a “buy” rating on shares of EOG Resources in a research note to investors on Tuesday, March 12th. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of EOG Resources in a research note to investors on Monday, March 11th. They now have a $173.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of EOG Resources from $130.00 to $145.00 in a research note to investors on Wednesday, March 6th. They now have an “outperform” rating on the stock. They noted that the move was a valuation call.