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Shares of EOG Resources Inc (NYSE: EOG) are surging on Monday morning as the E&P company prepares to report its first quarter financial results after the market close.
According to Estimize, the crowd’s and experts’ expectations are pretty much in line; while Main Street projects EPS of $0.03 on revenue of $2.66 billion, Wall Street models EPS of $0.00 on revenue of $2.563 billion.
This implies a large fall from the $1.40 EPS reported in the first quarter of last year, and the $0.79 EPS registered in the last reported quarter.
The graph below displays EOG’s history of actual earnings versus estimates. As it can be seen, the company usually beats consensus expectations, except for last quarter, when it missed Wall Street’s consensus by $0.20.
It is also possible to see how sentiment has evolved over time.
As evidenced by the chart above, sentiment in the Street has become increasingly bearish regarding EOG.
E&P And Oil Prices
In a recent research note, analysts at Nomura recommended North American E&P stocks, including EOG (Buy rated, $112 price target). According to a Benzinga article, “analysts believe that oil prices, which are down nearly 50 percent in the past year, drive the performance of many E&P stocks, and they believe that a recovery in oil prices is coming in the near future.”
On the other hand, Wunderlich named EOG as one of the least hedged E&Ps if low oil and gas prices persist beyond this year.
See more from Benzinga © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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EOG Resources
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CODE : EOG |
ISIN : US26875P1012 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
EOG Res. is a and oil producing company based in United states of america. EOG Res. is listed in United States of America. Its market capitalisation is US$ 78.3 billions as of today (€ 73.2 billions). Its stock quote reached its lowest recent point on July 11, 2003 at US$ 10.00, and its highest recent level on April 25, 2024 at US$ 135.36. EOG Res. has 578 636 343 shares outstanding. |