BMO Capital analyst Phillip Jungwirth reiterated a Buy rating on EOG Resources (NYSE: EOG) today and set a price target of $105. The company’s shares closed last Friday at $94.70.
According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 5.5% and a 50.3% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Rice Midstream Partners, and Jagged Peak Energy Inc.
Currently, the analyst consensus on EOG Resources is Moderate Buy and the average price target is $107.43, representing a 13.4% upside.
In a report issued on May 10, Barclays also reiterated a Buy rating on the stock with a $113 price target.
Based on EOG Resources’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.57 billion and quarterly net profit of $28.52 million. In comparison, last year the company earned revenue of $1.34 billion and had a GAAP net loss of $472 million.
Based on the recent corporate insider activity of 148 insiders, corporate insider sentiment is neutral on the stock. Most recently, in January 2017, Frank Wisner, a Director at EOG sold 1,000 shares for a total of $102,940.
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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. EOG Resources was founded in 1985 and is headquartered in Houston, TX.