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According to a research report published this morning, Goldman Sachs has increased EOG Resources'
EOG PT from $145 to $149.
In the report, Goldman Sachs said, "We add EOG shares to the Americas Conviction List with 47% upside to a $149 6-month DCF and multiples-based price target. Shares have fallen to levels only modestly higher than before EOG's 2010 analyst meeting when it unveiled its dominant Eagle Ford Shale oil position. We see upward EPS revisions to consensus as execution seen in the last year continues, especially as midstream bottlenecks ease and capital efficiency improves. Resource catalysts that can drive multiple expansion (Eagle Ford downspacing, new resource play announcements), and M&A potential remain."
Goldman Sachs maintains its Buy rating on EOG Resources, which closed Friday at $101.75.
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