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Morgan Stanley upgraded EOG Resources (NYSE:EOG) from Equal-Weight to Overweight in a statement released today.

Morgan Stanley has upgraded EOG Resources (NYSE:EOG) from Equal-Weight to Overweight in a report released on 9/13/2017.

Yesterday EOG Resources (NYSE:EOG) traded 1.70% higher at $88.47. The company’s 50-day moving average is $88.34 and its 200-day moving average is $91.88. The last closing price is down -2.08% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 539,940 shares of the stock traded hands, down from an average trading volume of 3,226,920

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EOG Resources (NYSE:EOG)

EOG Resources has a 52 week low of $81.99 and a 52 week high of $109.37 The company’s market cap is currently $0.

In addition to Morgan Stanley reporting its target price, a total of 36 firms have reported on the stock. The consensus target price is $86.53 with 8 firms rating the stock a strong buy, 12 firms rating the stock a buy, 20 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About EOG Resources (NYSE:EOG)

EOG Resources, Inc. explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People's Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related. As of December 31, 2016, its total estimated net proved reserves were over 2,147 million barrels of oil equivalent (MMBoe), of which over 1178 million barrels (MMBbl) were crude oil and condensate reserves, over 416 MMBbl were natural gas liquids reserves and over 3318 billion cubic feet, or 553 MMBoe, were natural gas reserves. Its operations are focused in the productive basins in the United States with a focus on crude oil and, to a lesser extent, liquids-rich natural gas plays. It has operations offshore Trinidad, in the United Kingdom East Irish Sea, in the China Sichuan Basin and in Canada.

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