In a report released today, Biju Perincheril from Susquehanna reiterated a Hold rating on EOG Resources (EOG), with a price target of $104. The company’s shares closed on Friday at $93.92.
According to TipRanks.com, Perincheril is a 3-star analyst with an average return of 0.9% and a 42.0% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Jagged Peak Energy Inc, and Whiting Petroleum Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for EOG Resources with a $127.65 average price target, a 35.9% upside from current levels. In a report issued on January 4, Merrill Lynch also downgraded the stock to Hold with a $115 price target.
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EOG Resources’ market cap is currently $54.46B and has a P/E ratio of 10.98. The company has a Price to Book ratio of 2.94.
Based on the recent corporate insider activity of 153 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.
