EOG Resources (EOG) Gets a Hold from Bank of America Securities
Bank of America Securities analyst Kalei Akamine reiterated a Hold rating on EOG Resources today and set a price target of $125.00.
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Akamine covers the Energy sector, focusing on stocks such as Devon Energy, Ovintiv, and National Fuel Gas Company. According to TipRanks, Akamine has an average return of -1.4% and a 47.50% success rate on recommended stocks.
In addition to Bank of America Securities, EOG Resources also received a Hold from KeyBanc’s Tim Rezvan in a report issued yesterday. However, on January 14, Jefferies maintained a Buy rating on EOG Resources (NYSE: EOG).
Based on EOG Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.73 billion and a net profit of $1.47 billion. In comparison, last year the company earned a revenue of $5.87 billion and had a net profit of $1.67 billion
Based on the recent corporate insider activity of 88 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 2,000.00 shares for a total of $211,360.00.
Read More on EOG:
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- EOG Resources downgraded to Sector Weight from Overweight at KeyBanc
- EOG Resources price target lowered to $140 from $144 at Jefferies
- EOG Resources price target lowered to $138 from $145 at RBC Capital
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