Stocks Alert: EOG Resources, Inc. (NYSE:EOG)


EOG Resources, Inc. (NYSE:EOG) retreated -1.1% and closed its last session at $92.44. The stock has the market capitalization of $53.29 Billion with the total outstanding shares of 576.46 Million. EOG Resources, Inc.. has Analysts’ Mean Recommendation of 2 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 159.38.

EOG Resources, Inc. (NYSE:EOG) touched its 52-Week High of $98.32 on Oct 5, 2016 while it’s 52-Week Low of $57.15 on Jan 20, 2016. The company currently has Return on Assets of -4.7 percent, Return on Equity of -10.1% and Return on Investment of -21.9 percent. The stock currently showing Weekly Volatility of 3.10%% and Monthly Volatility of 2.68% Percent with Average True Range of 2.62 and Beta of 0.95.

The 39 analysts offering 12-month price forecasts for EOG Resources Inc have a median target of 105.00, with a high estimate of 136.00 and a low estimate of 60.00. The median estimate represents a +13.59% increase from the last price of 92.44.

Press Release:

The Company on 3 November reported a third quarter 2016 net loss of $190.0 million, or $0.35 per share. This compares to a third quarter 2015 net loss of $4.1 billion, or $7.47 per share.

Adjusted non-GAAP net loss for the third quarter 2016 was $220.8 million, or $0.40 per share, compared to adjusted non-GAAP net income of $13.5 million, or $0.02 per share, for the same prior year period.  Adjusted non-GAAP net income (loss) is calculated by matching hedge realizations to settlement months and making certain other adjustments in order to exclude non-recurring and certain other items.

Operational Highlights

U.S. crude oil volumes of 275,700 barrels of oil per day (Bopd) in the third quarter 2016 exceeded the midpoint of the company’s guidance by 3 percent. Compared to the same prior year period, lease and well expenses decreased 18 percent on a per-unit basis.

In the third quarter 2016, total crude oil production increased 1 percent while exploration and development expenditures (excluding property acquisitions) decreased 32 percent, compared to the same period last year.  Natural gas liquids production increased 5 percent, while total natural gas production for the third quarter 2016 decreased 10 percent versus the same prior year period.

Company Profile:

EOG Resources, Inc. is engaged, either directly or through a marketing subsidiary with regard to domestic operations or through various subsidiaries with regard to international operations, in the exploration for, and the development, production and marketing of, natural gas and crude oil primarily in major producing basins in the United States, as well as in Canada and Trinidad. The company’s business strategy is to maximize the rate of return on investment of capital by controlling all operating and capital costs.