EOG Resources, Inc. (NYSE:EOG)
CAPS Rating:
Explores for, develops, produces and markets natural gas & crude oil primarily in basins in the United States of America, Canada, offshore Trinidad & the United Kingdom North Sea & from time to time, select other international areas.
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Fool UK
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Holds 535,000 acres in Eagle ford shale, 600,000 in the Bakken, 210,000 in the Marcellus and many other large fields in the U.S. Consistently a top performing company. ROE should continue to rise with it's transition from 75% nat gas 25% oil to 75% oil, 25% nat gas. Both Jim Cramer and T. Boone Picken's love this stock (Picken's 8th largest holding)
Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the fourth quarter has moved down from $1.22 a share to 93 cents over the last ninety days. For the fiscal year, the average estimate has moved down from $3.70 a share to $3.54 over the last sixty days.
Why is analyst outlook not improving? Seasonal?