Market Overview

UPDATE: Morgan Stanley Initiates EOG Resources at Equal-Weight on Valuation

Related EOG
#PreMarket Primer: Thursday, September 18: Scotland Heads To The Polls
Fast Money Picks For September 17 - Apple Inc., EOG Resources Inc And More
Making Money With Charles Payne: 09/02/14 (Fox Business)

Morgan Stanley initiated coverage on EOG Resources (NYSE: EOG) with an Equal-weight rating and a $120 price target.

Morgan Stanley commented, "Initiating coverage of EOG at Equal-weight; best basin priced in. In our view, EOG has been more successful than its peers in transitioning to an oil company; this is largely due to its success and early mover status in the Eagle Ford. We project superior cash flow growth relative to peers through 2016, but we believe EOG trades at a fair premium for this outlook."

EOG Resources closed at $118.61 on Monday.

Latest Ratings for EOG

DateFirmActionFromTo
Aug 2014BarclaysMaintainsOverweight
Aug 2014Raymond JamesMaintainsOutperform
Jul 2014BernsteinDowngradesOutperformMarket Perform

View More Analyst Ratings for EOG
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (EOG)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters