Morgan Stanley Keeps a Hold Rating on EOG Resources (EOG)

By Jason Carr

In a report released today, Devin McDermott from Morgan Stanley maintained a Hold rating on EOG Resources (EOGResearch Report), with a price target of $97.00. The company’s shares closed last Monday at $73.29.

According to TipRanks.com, McDermott is a 3-star analyst with an average return of 4.2% and a 46.2% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners, Occidental Petroleum, and Chesapeake Energy.

Currently, the analyst consensus on EOG Resources is a Moderate Buy with an average price target of $99.54, implying a 34.3% upside from current levels. In a report released yesterday, Scotiabank also initiated coverage with a Hold rating on the stock with a $86.00 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.