Siebert Williams Shank & Co Keeps Their Buy Rating on EOG Resources (EOG)

In a report released today, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Buy rating on EOG Resources, with a price target of $177.00.

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Sorbara covers the Energy sector, focusing on stocks such as CNX Resources, Devon Energy, and Ovintiv. According to TipRanks, Sorbara has an average return of 13.5% and a 62.81% success rate on recommended stocks.

In addition to Siebert Williams Shank & Co, EOG Resources also received a Buy from Wells Fargo’s Hanwen Chang in a report issued on April 14. However, on April 17, Barclays 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.