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Analysts Are Neutral on Top Energy Stocks: EOG Resources (EOG), BP (BP)

Tipranks - Wed Apr 1, 11:12AM CDT

Analysts fell to the sidelines weighing in on EOG Resources (EOG) and BP (BP) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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EOG Resources (EOG)

Roth MKM analyst Leo Mariani maintained a Hold rating on EOG Resources today and set a price target of $110.00. The company’s shares closed last Tuesday at $149.74.

According to TipRanks.com, Mariani is a top 25 analyst with an average return of 35.9% and a 72.8% success rate. Mariani covers the NA sector, focusing on stocks such as California Resources Corp, Occidental Petroleum, and Prairie Operating Co. ;'>

Currently, the analyst consensus on EOG Resources is a Moderate Buy with an average price target of $145.25, representing a -2.5% downside. In a report issued on March 24, Truist Financial also initiated coverage with a Hold rating on the stock with a $146.00 price target.

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BP (BP)

In a report released yesterday, Stephen Richardson from Evercore ISI maintained a Hold rating on BP, with a price target of $52.00. The company’s shares closed last Tuesday at $47.98.

According to TipRanks.com, Richardson is a 5-star analyst with an average return of 11.7% and a 64.2% success rate. Richardson covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Flowco Holdings Inc Class A, and Baker Hughes Company. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for BP with a $41.73 average price target, representing a -13.2% downside. In a report issued on March 20, HSBC also upgraded the stock to Hold with a $45.30 price target.

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