EOG Resources (EOG) Receives a Buy from Mizuho Securities

Mizuho Securities analyst Vincent Lovaglio maintained a Buy rating on EOG Resources (EOGResearch Report) on May 5 and set a price target of $172.00. The company’s shares closed last Friday at $132.22.

According to TipRanks.com, Lovaglio is a top 25 analyst with an average return of 57.6% and a 93.0% success rate. Lovaglio covers the Utilities sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Southwestern Energy.

EOG Resources has an analyst consensus of Moderate Buy, with a price target consensus of $149.32, implying a 18.6% upside from current levels. In a report issued on April 25, Susquehanna also maintained a Buy rating on the stock with a $147.00 price target.

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Based on EOG Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.91 billion and net profit of $1.99 billion. In comparison, last year the company earned revenue of $2.89 billion and had a net profit of $337 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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