Barclays Sticks to Their Hold Rating for EOG Resources (EOG)
In a report released today, Betty Jiang from Barclays maintained a Hold rating on EOG Resources, with a price target of $140.00.
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Jiang covers the Energy sector, focusing on stocks such as Diamondback, APA, and Coterra Energy. According to TipRanks, Jiang has an average return of 5.0% and a 53.00% success rate on recommended stocks.
In addition to Barclays, EOG Resources also received a Hold from Mizuho Securities’s Nitin Kumar CFA in a report issued on April 1. However, today, TipRanks – Google reiterated a Buy rating on EOG Resources (NYSE: EOG).
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, Jeffrey R. Leitzell, the EVP & COO of EOG sold 5,698.00 shares for a total of $856,523.36.
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