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Goldman Sachs Remains a Hold on EOG Resources (EOG)

Tipranks - Wed Apr 22, 7:22AM CDT

Goldman Sachs analyst maintained a Hold rating on EOG Resources yesterday and set a price target of $135.00. The company’s shares closed yesterday at $129.16.

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In addition to Goldman Sachs, EOG Resources also received a Hold from Barclays’s Betty Jiang in a report issued on April 17. However, yesterday, Siebert Williams Shank & Co 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.

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