EOG Resources (EOG) Receives a Buy from KeyBanc

By Austin Angelo

KeyBanc analyst Leo Mariani maintained a Buy rating on EOG Resources (EOGResearch Report) today and set a price target of $97.00. The company’s shares closed last Monday at $68.19, close to its 52-week low of $66.02.

According to TipRanks.com, Mariani is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.7% and a 29.9% success rate. Mariani covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Jagged Peak Energy Inc, and Whiting Petroleum Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for EOG Resources with a $102.18 average price target.

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Based on EOG Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $848 million. In comparison, last year the company had a net profit of $1.19 billion.

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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.