Merrill Lynch Reiterates a Hold Rating on EOG Resources

By Carrie Williams

In a report released yesterday, Doug Leggate from Merrill Lynch reiterated a Hold rating on EOG Resources (NYSE: EOG), with a price target of $110. The company’s shares opened today at $94.87, close to its 52-week high of $98.32.

According to TipRanks.com, Leggate is a 1-star analyst with an average return of -4.9% and a 40.8% success rate. Leggate covers the Basic Materials sector, focusing on stocks such as Continental Resources, California Resources, and Occidental Petroleum.

Currently, the analyst consensus on EOG Resources is Moderate Buy and the average price target is $99.50, representing a 4.9% upside.

In a report released yesterday, Jefferies also reiterated a Hold rating on the stock with a $88 price target.

The company has a one year high of $98.32 and a one year low of $57.15. Currently, EOG Resources has an average volume of 3.07M.

Based on the recent corporate insider activity of 149 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, William R. Thomas, the Chairman & CEO of EOG sold 38,323 shares for a total of $3,572,858.

EOG Resources, Inc. engages in the exploration, development, production and marketing of crude oil and natural gas primarily in major producing basins in the United States, Canada, Trinidad & Tobago, the United Kingdom, Argentina and China. Its operations are all crude oil and natural gas exploration and production. The company was founded in 1985 and is headquartered in Houston, TX.