Media coverage about EOG Resources (NYSE:EOG) has trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. EOG Resources earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the energy exploration company an impact score of 46.6554396899476 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
EOG stock opened at $123.93 on Thursday. The company has a market cap of $67.63 billion, a PE ratio of 110.65, a PEG ratio of 2.98 and a beta of 1.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.26. EOG Resources has a one year low of $81.99 and a one year high of $128.03.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 3rd. The energy exploration company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.39. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.51 billion. EOG Resources had a net margin of 26.00% and a return on equity of 8.19%. The business’s revenue for the quarter was up 41.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 EPS. analysts forecast that EOG Resources will post 5.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Saturday, July 7th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Monday, July 16th. EOG Resources’s payout ratio is 66.07%.
EOG has been the topic of several recent research reports. Credit Suisse Group lowered their target price on EOG Resources from $126.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Imperial Capital set a $145.00 target price on EOG Resources and gave the stock an “outperform” rating in a report on Thursday, March 1st. Royal Bank of Canada restated a “hold” rating and set a $112.00 target price on shares of EOG Resources in a report on Thursday, March 1st. Sanford C. Bernstein lowered their target price on EOG Resources from $143.00 to $137.00 and set an “outperform” rating on the stock in a report on Friday, March 2nd. Finally, UBS Group initiated coverage on EOG Resources in a report on Wednesday, March 7th. They set a “buy” rating and a $125.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. EOG Resources currently has an average rating of “Buy” and a consensus target price of $126.37.
In other EOG Resources news, Director Frank G. Wisner sold 890 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $115.81, for a total value of $103,070.90. Following the sale, the director now owns 118,700 shares of the company’s stock, valued at $13,746,647. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Gary L. Thomas sold 55,886 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $118.27, for a total value of $6,609,637.22. Following the completion of the sale, the president now directly owns 1,131,797 shares in the company, valued at approximately $133,857,631.19. The disclosure for this sale can be found here. In the last three months, insiders sold 123,339 shares of company stock worth $15,032,666. 0.51% of the stock is owned by corporate insiders.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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