Scotiabank Keeps a Hold Rating on EOG Resources

By Carrie Williams

Scotiabank analyst Joseph Bachmann maintained a Hold rating on EOG Resources (NYSE: EOG) yesterday and set a price target of $109. The company’s shares closed yesterday at $93.83.

According to TipRanks.com, Bachmann is a 1-star analyst with an average return of -3.6% and a 43.1% success rate. Bachmann covers the Basic Materials sector, focusing on stocks such as Evolution Petroleum Corp, Approach Resources Inc, and Jagged Peak Energy Inc.

Currently, the analyst consensus on EOG Resources is Moderate Buy and the average price target is $108.14, representing a 15.3% upside.

In a report issued on May 11, RBC Capital also reiterated a Hold rating on the stock with a $115 price target.

The company has a one year high of $109.37 and a one year low of $77.66. Currently, EOG Resources has an average volume of 3.41M.

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EOG Resources, Inc. is an exploration company. The company engages in the exploration, development, production and marketing of crude oil and natural gas in United States, Canada, Trinidad & Tobago, the United Kingdom, Argentina and China. Its projects include Williston, Greater Green, Power River, Ulinta, DJ, Anadarko, Horn River, Sichuan and Columbus. EOG Resources was founded in 1985 and is headquartered in Houston, TX.