J.P. Morgan Keeps Their Hold Rating on EOG Resources (EOG)

J.P. Morgan analyst Arun Jayaram maintained a Hold rating on EOG Resources yesterday and set a price target of $145.00. The company’s shares closed yesterday at $143.21.

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Jayaram covers the Energy sector, focusing on stocks such as Conocophillips, Murphy Oil, and Exxon Mobil. According to TipRanks, Jayaram has an average return of 14.6% and a 63.29% success rate on recommended stocks.

Currently, the analyst consensus on EOG Resources is a Moderate Buy with an average price target of $142.15, implying a -0.74% downside from current levels. In a report released on March 24, Barclays also maintained a Hold rating on the stock with a $140.00 price target.

Based on EOG Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.64 billion and a net profit of $701 million. In comparison, last year the company earned a revenue of $5.65 billion and had a net profit of $1.25 billion

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EOG in relation to earlier this year. Earlier this month, Ann Janssen, the EVP & CFO of EOG sold 4,161.00 shares for a total of $582,706.44.