EOG Resources Inc. shares slid 3.71% to $79.66 Wednesday. This proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.12% to 4,374.30 and the Dow Jones Industrial Average DJIA rising 0.13% to 34,933.23.
EOG Resources Inc. closed $8.33 below its 52-week high ($87.99), which the company achieved on June 7th. The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as ConocoPhillips COP fell 3.01% to $57.67, Pioneer Natural Resources Co. PXD fell 3.39% to $151.86, and Occidental Petroleum Corp. OXY fell 7.48% to $27.83.
EOG Resources Inc Trading volume (3.6 M) remained 542,011 below its 50-day average volume of 4.2 M.This was the stock’s second consecutive day of losses. Analysts gave the EOG Resources stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.10. If we narrow down to specifics, the data shows that 0 out of 35 analysts rate the stock as a Sell, with a further 5 assigning it an Overweight rating. Of the remaining, 11 recommended EOG as a Hold, 19 felt it was a Buy and 0 rated the stock as Underweight. EOG Resources Inc.’s EPS for the current quarter is expected to be $1.39.
The consensus price target for the stock as assigned by Wall Street analysts is $97.95, meaning bulls need an upside of 15.54% from its current market value. According to analyst projections, EOG’s forecast low is $78.00 with $119.00 as the target high. To hit the forecast high, the stock’s price needs a -43.84% plunge from its current level, while the stock would need to tank 5.72% for it to hit the projected low.