Citi raised the firm’s price target on EOG Resources to $124 from $120 and keeps a Neutral rating on the shares. The analyst continues to see an incremental trend in well productivity improvements on the natural gas side, with the Haynesville leading the way. The analyst updated models in the U.S. oil and gas exploration and production group following a post-earnings analysis.
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Read More on EOG:
- EOG Resources price target lowered to $141 from $153 at Piper Sandler
- EOG Resources price target lowered to $165 from $172 at Truist
- EOG Resources price target lowered to $130 from $135 at TD Securities
- EOG Resources Unveils Q4 Results and 2024 Forecasts
- EOG Resources sees FY24 CapEx $6B-$6.4B
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