EOG Resources (EOG) Gets a Buy Rating from Barclays


Barclays analyst Jeanine Wai maintained a Buy rating on EOG Resources (EOG) on March 11 and set a price target of $138. The company’s shares closed yesterday at $86.98, close to its 52-week low of $82.04.

According to TipRanks.com, Wai is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.8% and a 27.0% success rate. Wai covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Jagged Peak Energy Inc, and Continental Resources.

EOG Resources has an analyst consensus of Strong Buy, with a price target consensus of $117.42, implying a 35.0% upside from current levels. In a report issued on March 11, KeyBanc also upgraded the stock to Buy with a $105 price target.

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The company has a one-year high of $133.53 and a one-year low of $82.04. Currently, EOG Resources has an average volume of 3.82M.

Based on the recent corporate insider activity of 143 insiders, corporate insider sentiment is negative on the stock.

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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.

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