In a report released yesterday, Neal Dingmann from Truist Financial downgraded EOG Resources (EOG – Research Report) to a Hold, with a price target of $136.00. The company’s shares closed yesterday at $129.86.
According to TipRanks, Dingmann is a top 100 analyst with an average return of 12.6% and a 71.34% success rate. Dingmann covers the Energy sector, focusing on stocks such as APA, Civitas Resources, and Devon Energy.
EOG Resources has an analyst consensus of Moderate Buy, with a price target consensus of $148.00, representing a 13.97% upside. In a report released on May 8, RBC Capital also maintained a Hold rating on the stock with a $147.00 price target.
Based on EOG Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.36 billion and a net profit of $1.99 billion. In comparison, last year the company earned a revenue of $2.71 billion and had a net profit of $2.28 billion
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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:
- Intel upgraded, Texas Instruments initiated: Wall Street’s top analyst calls
- EOG Resources downgraded to Hold from Buy at Truist
- EOG Resources price target raised to $154 from $153 at Piper Sandler
- EOG Resources price target raised to $156 from $140 at Mizuho
- EOG Resources’ Hedging Tactics: Navigating Commodity Price Fluctuations for a $184 Million Net Asset Impact
