In a report released today, Paul Cheng from Scotiabank maintained a Buy rating on EOG Resources (EOG – Research Report), with a price target of $135.00. The company’s shares closed yesterday at $116.40.
Cheng covers the Energy sector, focusing on stocks such as APA, Chevron, and Exxon Mobil. According to TipRanks, Cheng has an average return of 2.9% and a 48.08% success rate on recommended stocks.
In addition to Scotiabank, EOG Resources also received a Buy from Siebert Williams Shank & Co’s Gabriele Sorbara in a report issued today. However, on the same day, Bank of America Securities reiterated a Hold rating on EOG Resources (NYSE: EOG).
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EOG market cap is currently $67.86B and has a P/E ratio of 8.65.
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EOG Resources (EOG) Company Description:
Incorporated in 1985 and based in Texas, EOG Resources, Inc. is engaged in the exploration, development, production and marketing of crude oil and natural gas and natural gas liquids. It operates in the United States, Trinidad and Tobago, China and Canada.
Read More on EOG:
- EOG Resources Unveils Q4 Results and 2024 Forecasts
- EOG Resources Reports Fourth Quarter and Full-Year 2023 Results; Announces 2024 Capital Plan
- Is EOG a Buy, Before Earnings?
- EOG Resources (NYSE:EOG): Likely to Report Strong Earnings. How to Profit with Options
- EOG Resources price target lowered to $147 from $164 at Susquehanna
