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.