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KeyBanc Believes EOG Resources (EOG) Won’t Stop Here

In a report released today, Leo Mariani from KeyBanc maintained a Buy rating on EOG Resources (EOGResearch Report), with a price target of $132.00. The company’s shares closed last Wednesday at $123.55, close to its 52-week high of $124.89.

According to TipRanks.com, Mariani is a top 100 analyst with an average return of 35.0% and a 65.4% success rate. Mariani covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp.

EOG Resources has an analyst consensus of Moderate Buy, with a price target consensus of $131.63, a 5.8% upside from current levels. In a report issued on March 10, Piper Sandler also maintained a Buy rating on the stock with a $140.00 price target.

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EOG Resources’ market cap is currently $72.32B and has a P/E ratio of 15.48.

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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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