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EOG Resources (EOG) Receives a Buy from BMO Capital

In a report released today, Phillip Jungwirth from BMO Capital maintained a Buy rating on EOG Resources (EOGResearch Report), with a price target of $145.00. The company’s shares closed last Tuesday at $114.88.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 4.3% and a 46.2% success rate. Jungwirth covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Occidental Petroleum, and Marathon Petroleum.

Currently, the analyst consensus on EOG Resources is a Strong Buy with an average price target of $157.94, which is a 41.4% upside from current levels. In a report issued on June 8, Mizuho Securities also maintained a Buy rating on the stock with a $175.00 price target.

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Based on EOG Resources’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.76 billion and net profit of $390 million. In comparison, last year the company earned revenue of $4.04 billion and had a net profit of $677 million.

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Incorporated in 1985 and based in Texas, EOG Resources, Inc. is engaged in the exploration, development, production and marketing of crude oil and natural gas and natural gas liquids. It operates in the United States, Trinidad and Tobago, China and Canada.

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