In a report released today, Drew Venker from Morgan Stanley maintained a Hold rating on EOG Resources (NYSE: EOG), with a price target of $122. The company’s shares closed yesterday at $115.44.
According to TipRanks.com, Venker has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.9% and a 36.4% success rate. Venker covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Occidental Petroleum, and Oasis Petroleum Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EOG Resources with a $139.13 average price target, a 20.5% upside from current levels. In a report issued on August 3, Scotiabank also reiterated a Hold rating on the stock with a $130 price target.
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The company has a one-year high of $131.60 and a one-year low of $81.99. Currently, EOG Resources has an average volume of 2.85M.
Based on the recent corporate insider activity of 154 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.
