EOG Resources Receives a Hold from RBC CapitalBy Jason Carr
RBC Capital analyst Scott T Reynolds reiterated a Hold rating on EOG Resources (NYSE: EOG) yesterday and set a price target of $105. The company’s shares closed yesterday at $93.36, close to its 52-week high of $98.32.
Currently, the analyst consensus on EOG Resources is Moderate Buy and the average price target is $100.50, representing a 7.6% upside.
In a report issued on November 3, Jefferies also reiterated a Hold rating on the stock with a $88 price target.
Based on EOG Resources’ latest earnings report from September 30, the company posted quarterly revenue of $2.11B and quarterly net profit of -$190M. In comparison, last year the company earned revenue of $2.14B and had a net profit of -$4.08B.
Based on the recent corporate insider activity of 150 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Michael Donaldson, the VP, GC & Corp Sec of EOG sold 4,464 shares for a total of $415,152.
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.