Jefferies Keeps Their Hold Rating on EOG Resources

By Ryan Adsit

In a report released today, Michael Hsu from Jefferies reiterated a Hold rating on EOG Resources (NYSE: EOG), with a price target of $89. The company’s shares opened today at $82.62, close to its 52-week high of $109.37.

According to TipRanks.com, Hsu is ranked 0 out of 5 stars with an average return of -20.2% and a 13.3% success rate. Hsu covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Continental Resources, and Gulfport Energy Corp.

EOG Resources has an analyst consensus of Moderate Buy, with a price target consensus of $104.

The company has a one year high of $109.37 and a one year low of $82.12. Currently, EOG Resources has an average volume of 3.31M.

Based on the recent corporate insider activity of 138 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Lloyd Helms, the EVP, Exploration & Production of EOG sold 4,000 shares for a total of $352,880.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.