Wolfe Research analyst Doug Leggate upgraded EOG Resources (EOG) to Outperform from Peer Perform with a $143 price target The company’s asset depth, balance sheet, and top tier free cash flow margins have more in common with dividend growth in terms of recognition of value than traditional E&P metrics, the analyst tells investors in a research note. After the recent pull back in the broader sector, EOG is undervalued when screened as a dividend discount model, the firm adds.
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Read More on EOG:
- EOG Resources upgraded to Outperform from Peer Perform at Wolfe Research
- EOG Resources added to Q1 2025 Tactical Ideas List at Wells Fargo
- EOG Resources files automatic mixed securities shelf
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