EOG Resources (EOG) Gets a Hold from Citi

Citi analyst Scott Gruber maintained a Hold rating on EOG Resources on March 27 and set a price target of $150.00. The company’s shares closed last Friday at $149.56.

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Gruber covers the Energy sector, focusing on stocks such as Comstock Resources, Patterson-UTI, and Weatherford International. According to TipRanks, Gruber has an average return of 13.4% and a 57.97% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EOG Resources with a $145.25 average price target, implying a -2.88% downside from current levels. In a report released on March 27, Morgan Stanley also maintained a Hold rating on the stock with a $155.00 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.