EOG Resources (EOG): New Buy Recommendation for This Energy Giant

By Austin Angelo

Citigroup analyst Scott Gruber maintained a Buy rating on EOG Resources (EOGResearch Report) today and set a price target of $88.00. The company’s shares closed last Monday at $73.29.

According to TipRanks.com, Gruber is a 1-star analyst with an average return of -2.7% and a 41.8% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Ncs Multistage Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EOG Resources with a $99.38 average price target, a 34.1% upside from current levels. In a report issued on November 7, Barclays also maintained a Buy rating on the stock with a $132.00 price target.

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The company has a one-year high of $108.78 and a one-year low of $64.33. Currently, EOG Resources has an average volume of 4.2M.

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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.