In a report released today, Joseph Allman from FBR Capital reiterated a Buy rating on EOG Resources (NYSE: EOG), with a price target of $122. The company’s shares closed yesterday at $93.83.
According to TipRanks.com, Allman is ranked 0 out of 5 stars with an average return of -7.1% and a 33.9% success rate. Allman covers the Basic Materials sector, focusing on stocks such as Approach Resources Inc, Whiting Petroleum Corp, and Continental Resources.
Currently, the analyst consensus on EOG Resources is Moderate Buy and the average price target is $109.88, representing a 17.1% upside.
In a report issued on May 8, BMO Capital also reiterated a Buy rating on the stock with a $110 price target.
The company has a one year high of $109.37 and a one year low of $77.66. Currently, EOG Resources has an average volume of 3.42M.
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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.