EOG Resources (EOG) Received its Third Buy in a Row

After Raymond James and Susquehanna gave EOG Resources (NYSE: EOG) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Tim Rezvan maintained a Buy rating on EOG Resources today and set a price target of $102. The company’s shares closed last Monday at $77.22, close to its 52-week low of $73.95.

According to TipRanks.com, Rezvan is a 1-star analyst with an average return of -4.0% and a 43.8% success rate. Rezvan covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Par Pacific Holdings, and Southwestern Energy.

Currently, the analyst consensus on EOG Resources is a Strong Buy with an average price target of $106.75, which is a 37.6% upside from current levels. In a report issued on August 13, Citigroup also maintained a Buy rating on the stock with a $116 price target.

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EOG Resources’ market cap is currently $44.82B and has a P/E ratio of 12.57. The company has a Price to Book ratio of 2.17.

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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.

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