In a report released yesterday, William Featherston from Credit Suisse maintained a Buy rating on EOG Resources (EOG), with a price target of $119. The company’s shares closed yesterday at $92.98, close to its 52-week low of $92.30.
According to TipRanks.com, Featherston is a 1-star analyst with an average return of -4.5% and a 42.9% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Chesapeake Energy, and Devon Energy Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for EOG Resources with a $129.56 average price target, a 39.3% upside from current levels. In a report issued on December 17, SunTrust Robinson also initiated coverage with a Buy rating on the stock with a $130 price target.
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Based on EOG Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.19 billion. In comparison, last year the company had a net profit of $101 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.
