Morgan Stanley Reaffirms Their Hold Rating on EOG Resources (EOG)

Morgan Stanley analyst Devin McDermott maintained a Hold rating on EOG Resources today and set a price target of $134.07.

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McDermott covers the Energy sector, focusing on stocks such as Expand Energy, APA, and Devon Energy. According to TipRanks, McDermott has an average return of 11.2% and a 59.27% success rate on recommended stocks.

In addition to Morgan Stanley, EOG Resources also received a Hold from Barclays’s Betty Jiang in a report issued today. However, on April 14, Wells Fargo maintained 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.