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Jefferies Reiterates Their Hold Rating on EOG Resources


Jefferies analyst Mark Lear reiterated a Hold rating on EOG Resources (NYSE: EOG) on July 9 and set a price target of $121. The company’s shares closed yesterday at $125.96, close to its 52-week high of $128.03.

According to TipRanks.com, Lear is a 3-star analyst with an average return of 2.6% and a 52.7% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Whiting Petroleum Corp, and Continental Resources.

Currently, the analyst consensus on EOG Resources is a Moderate Buy with an average price target of $135.30, representing a 7.4% upside. In a report issued on July 12, Morgan Stanley also initiated coverage with a Hold rating on the stock with a $128 price target.

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EOG Resources’ market cap is currently $72.91B and has a P/E ratio of 22.86. The company has a Price to Book ratio of 4.33.

Based on the recent corporate insider activity of 151 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.