BofA initiated coverage of EOG Resources with a Buy rating and $151 price target. EOG is an explorer and producer of oil and natural gas in basins principally onshore U.S., with total production over 1M barrels per day, making it one of the largest companies in North America’s “highly fragmented” industry, the analyst tells investors in a research note. The firm believes EOG’s “peer leading” inventory depth in the Delaware Basin has given it a license to grow oil.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EOG:
- EOG Resources price target lowered to $131 from $133 at Morgan Stanley
- EOG Resources price target raised to $130 from $124 at Citi
- EOG Resources put volume heavy and directionally bearish
- Intel upgraded, Texas Instruments initiated: Wall Street’s top analyst calls
- EOG Resources downgraded to Hold from Buy at Truist
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue