Every day, the sun rises on Wall Street, and a plethora of professional analysts wake to issue new opinions on stocks. Here at the Fool, we use our "This Just In" column to examine some of these picks -- and the track record of the firm behind them -- so individuals can make better investing decisions.
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Enough top-performing CAPS investors have turned bullish on EOG Resources (NYSE: EOG) recently to upgrade it from the three and four stars it has wavered between for much of the past six months to a tip-top five-star rank. A total of 537 players offer opinions on EOG, with many adding analysis and commentary explaining their recent optimism.
Like Kinder Morgan (NYSE: KMP), EOG Resources fleeced Enron out of some valuable property when the now-defunct company wanted to get out of the oil and gas business. Today, EOG's impressive return on deployed capital makes it one exceptional explorer in the books of Foolish drill-bit guru Toby Shute. Along with Marathon Oil (NYSE: MRO) and XTO Energy's (NYSE: XTO) recent big purchase of acreage, EOG is one of the larger players in the immense Bakken Shale oil field.
The company keeps its fingers in some big gas pies, too. EOG holds a portion of the Horn River Basin natural gas play in British Columbia, along with other companies like Quicksilver Resources (NYSE: KWK) and Apache (NYSE: APA). While it may not be the holy grail of gas plays, EOG's estimation of 6 trillion cubic feet over 140,000 net acres is enough to have several major gas players scrambling for a piece of this shale rock, also driving up stock prices of neighboring landowners like Nexen and EnCana (NYSE: ECA).
The combination of rising commodity prices and the potential for big profits trapped in newfound properties has more than 95% of the 537 CAPS investors rating EOG expecting it to outperform the market.
To see what the very best CAPS analysts are saying now about EOG -- as well as other winning stocks they are picking -- head on over to CAPS and have a look. The community research and resources in CAPS are totally free, unlike analyst opinions reserved for paying clients.
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