We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Can EOG Resources (EOG) Run Higher on Strong Earnings Estimate Revisions?
Read MoreHide Full Article
EOG Resources, Inc. (EOG - Free Report) is an independent oil and gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on EOG’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that EOG Resourcescould be a solid choice for investors.
Current Quarter Estimates for EOG
In the past 30 days, 10 estimates have gone higher for EOG Resources, while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing down from a loss of 36 cents a share 30 days ago, to a loss of 23 cents per share today, a significant move.
Current Year Estimates for EOG
Meanwhile, EOG Resources’ current year figures are also looking quite promising, with 15 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing down from a loss of $1.97 cents per share 30 days ago to a loss of $1.65 cents per share today, an increase of 19.4%.
The stock has also started to move higher lately, adding 9.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Can EOG Resources (EOG) Run Higher on Strong Earnings Estimate Revisions?
EOG Resources, Inc. (EOG - Free Report) is an independent oil and gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on EOG’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that EOG Resourcescould be a solid choice for investors.
Current Quarter Estimates for EOG
In the past 30 days, 10 estimates have gone higher for EOG Resources, while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing down from a loss of 36 cents a share 30 days ago, to a loss of 23 cents per share today, a significant move.
Current Year Estimates for EOG
Meanwhile, EOG Resources’ current year figures are also looking quite promising, with 15 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing down from a loss of $1.97 cents per share 30 days ago to a loss of $1.65 cents per share today, an increase of 19.4%.
EOG RES INC Price and Consensus
EOG RES INC Price and Consensus | EOG RES INC Quote
Bottom Line
The stock has also started to move higher lately, adding 9.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>