Siebert Williams raised the firm’s price target on EOG Resources to $157 from $150 and keeps a Buy rating on the shares. Heading into Q3 results for the Oil & Gas Exploration & Production group, the firm models EBITDA misses for about 84% of its coverage, noting that the natural gas names are expected to once again generate wider misses on average due to pricing. Consensus needs to recalibrate on several names due to typical timing, seasonality, pricing, as well as to incorporate recent acquisitions, the analyst tells investors in a preview note.
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Read More on EOG:
- EOG Resources price target lowered to $140 from $150 at Scotiabank
- EOG Resources Capitalizes on Derivative Strategies in Q3
- EOG Resources price target lowered to $137 from $144 at Barclays
- EOG Resources price target lowered to $135 from $140 at Wells Fargo
- EOG Resources price target lowered to $145 from $150 at Evercore ISI
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