Stifel Nicolaus Reiterates a Buy Rating on EOG Resources

By Ryan Adsit

In a report issued on May 23, Michael Scialla from Stifel Nicolaus reiterated a Buy rating on EOG Resources (NYSE: EOG), with a price target of $111. The company’s shares closed yesterday at $91.22.

According to TipRanks.com, Scialla is ranked 0 out of 5 stars with an average return of -9.7% and a 41.3% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Quicksilver Resources Inc, and Abraxas Petroleum Corp.

Currently, the analyst consensus on EOG Resources is Moderate Buy and the average price target is $108.90, representing a 19.4% upside.

In a report issued on May 8, BMO Capital also reiterated a Buy rating on the stock with a $110 price target.

Based on EOG Resources’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.57 billion and quarterly net profit of $28.52 million. In comparison, last year the company earned revenue of $1.34 billion and had a GAAP net loss of $472 million.

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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. EOG Resources was founded in 1985 and is headquartered in Houston, TX.