After Merrill Lynch and Barclays gave EOG Resources (NYSE: EOG) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst John Freeman maintained a Buy rating on EOG Resources today and set a price target of $100.00. The company’s shares closed last Monday at $79.77.
According to TipRanks.com, Freeman is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -14.1% and a 28.7% success rate. Freeman covers the Basic Materials sector, focusing on stocks such as Black Stone Minerals, Concho Resources, and Pioneer Natural.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for EOG Resources with a $100.44 average price target, representing a 23.7% upside. In a report issued on January 9, Barclays also maintained a Buy rating on the stock with a $112.00 price target.
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The company has a one-year high of $107.89 and a one-year low of $64.33. Currently, EOG Resources has an average volume of 4.07M.
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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.
