EOG Resources (EOG) Gets a Buy Rating from BMO Capital

BMO Capital analyst Phillip Jungwirth reiterated a Buy rating on EOG Resources (NYSE: EOG) on October 9 and set a price target of $140. The company’s shares opened today at $125.29.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 8.2% and a 60.4% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Continental Resources, Anadarko Petroleum, and Devon Energy Corp.

Currently, the analyst consensus on EOG Resources is a Moderate Buy with an average price target of $139.93, an 11.7% upside from current levels. In a report issued on September 28, Piper Jaffray also maintained a Buy rating on the stock with a $138 price target.

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EOG Resources’ market cap is currently $73.25B and has a P/E ratio of 18.96. The company has a Price to Book ratio of 4.20.

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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.