Morgan Stanley (NYSE:MS) analyst Devin McDermott maintained a Hold rating on EOG Resources (NYSE:EOG) on Monday, setting a price target of $121, which is approximately 34.92% above the present share price of $89.68.
McDermott expects EOG Resources to post earnings per share (EPS) of $1.88 for the fourth quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Strong Buy rating of shares in EOG Resources, with an average price target of $114.71.
The analysts price targets range from a high of $130 to a low of $100.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $5.23 billion and a net profit of $2.05 billion. The company's market cap is $52.47 billion.
According to TipRanks.com, Morgan Stanley analyst Devin McDermott is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 2.6% and a 53.90% success rate.
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.