Company Update: EOG Resources Inc (NYSE:EOG) – Today’s Review on Independent Oil & Gas Stocks — Denbury Resources, California Resources, Occidental Petroleum, and EOG Resources

[Accesswire] – NEW YORK, NY / ACCESSWIRE / February 9, 2016 / Park Lane Advisor has initiated coverage on the following equities: Denbury Resources Inc. (NYSE: DNR), California Resources Corporation (NYSE: CRC), Occidental … Read more on this. EOG Resources, Inc. (EOG) , valued at $36.36B, began trading this morning at $67.21. Shares have traded today between $65.99 and $67.97 per share and has traded between $57.15 and $101.36 over the past year. Priced at 3,421.50x this year’s forecasted earnings, EOG shares are relatively expensive compared to the industry ’s 15.97x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.67 per share annually in dividends, yielding 1.00%. According to a consensus of 35 analysts, the earnings estimate of $-0.31 per share would be $0.79 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $0.02, which would be a $4.93 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.18 Billion. If reported, that would be a 53.12% decrease over the year-ago quarter. More recently, Citigroup upgraded EOG from Neutral to Buy (Jan 5, 2016). Previously, Raymond James downgraded EOG from Outperform to Mkt Perform. With the above information in mind, readers should note that the average price target is $80.76, which is 20.16% above where the stock opened this morning. See more in (NYSE:EOG) Similar Articles: Stock Update: Occidental Petroleum Corporation (NYSE:OXY) – Market Opportunity and Discovery — Analyst Notes on Occidental Petroleum, Time Warner, Dominion Resources and Anthem 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 Company Update: EOG Resources Inc (NYSE:EOG) – EOG Resources to Present at Upcoming Energy Conference