EOG Resources (EOG) Receives a Rating Update from a Top Analyst

In a report released yesterday, Scott Hanold from RBC Capital maintained a Buy rating on EOG Resources, with a price target of $175.00.

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Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Devon Energy, and EQT. According to TipRanks, Hanold has an average return of 25.1% and a 72.46% success rate on recommended stocks.

In addition to RBC Capital, EOG Resources also received a Buy from Wells Fargo’s Hanwen Chang in a report issued yesterday. However, on the same day, Truist Financial maintained a Hold 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.