Credit Suisse Keeps Their Hold Rating on EOG Resources

By Jason Carr

In a report issued on July 10, William Featherston from Credit Suisse maintained a Hold rating on EOG Resources (NYSE: EOG), with a price target of $128. The company’s shares opened today at $124.14, close to its 52-week high of $128.03.

According to TipRanks.com, Featherston is a 3-star analyst with an average return of 2.4% and a 54.8% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Concho Resources, and Pioneer Natural.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EOG Resources with a $135.20 average price target, implying an 8.9% upside from current levels. In a report released today, Morgan Stanley also initiated coverage with a Hold rating on the stock with a $128 price target.

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EOG Resources’ market cap is currently $72.15B and has a P/E ratio of 22.62. The company has a Price to Book ratio of 4.28.

Based on the recent corporate insider activity of 151 insiders, corporate insider sentiment is negative on the stock.

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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.