Raymond James Sticks to Their Buy Rating for EOG Resources (EOG)

By Austin Angelo

Raymond James analyst John Freeman maintained a Buy rating on EOG Resources (EOGResearch Report) today and set a price target of $90.00. The company’s shares closed last Monday at $68.18, close to its 52-week low of $66.02.

According to TipRanks.com, Freeman has currently no stars on a ranking scale of 0-5 stars, with an average return of -15.1% and a 25.3% success rate. Freeman covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Occidental Petroleum.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for EOG Resources with a $100.82 average price target, representing a 47.9% upside. In a report issued on October 15, KeyBanc also maintained a Buy rating on the stock with a $97.00 price target.

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EOG Resources’ market cap is currently $39.57B and has a P/E ratio of 11.10. The company has a Price to Book ratio of 1.92.

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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.