UPDATE: Morgan Stanley Reiterates on EOG Resources as Big Fields Get Bigger
In a report published Tuesday, Morgan Stanley analyst Evan Calio reiterated an Overweight rating on EOG Resources (NYSE: EOG), and raised the price target from $205.00 to $220.00.
In the report, Morgan Stanley noted, “EOG posted a strong 4Q13, beating Consensus earnings for the 13th straight quarter, dimensioning a bigger Eagle Ford, raising its dividend, and reiterating its top-tier oil growth. We believe E&Ps will outperform as Street commodity views ‘thaw' and EOG is poised to lead. Raising PT to $220.”
EOG Resources closed on Monday at $180.40.
Latest Ratings for EOG
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| May 2017 | Raymond James | Upgrades | Market Perform | Outperform |
| Mar 2017 | UBS | Upgrades | Neutral | Buy |
| Jan 2017 | Bank of America | Upgrades | Neutral | Buy |
View More Analyst Ratings for EOG
View the Latest Analyst Ratings
Posted-In: Evan Calio Morgan StanleyAnalyst Color Price Target Analyst Ratings
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.