In a report issued on November 28, Paul Sankey from Mizuho Securities reiterated a Buy rating on EOG Resources (EOG), with a price target of $134. The company’s shares opened today at $107.11.
According to TipRanks.com, Sankey is a 1-star analyst with an average return of -3.1% and a 37.9% success rate. Sankey covers the Basic Materials sector, focusing on stocks such as Occidental Petroleum, Anadarko Petroleum, and Valero Energy Corp.
Currently, the analyst consensus on EOG Resources is a Moderate Buy with an average price target of $132.42, a 23.6% upside from current levels. In a report issued on November 16, Credit Suisse also upgraded the stock to Buy with a $128 price target.
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EOG Resources’ market cap is currently $59.9B and has a P/E ratio of 12.08. The company has a Price to Book ratio of 3.23.
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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.