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UPDATE: Morgan Stanley Reiterates on EOG Resources as Big Fields Get Bigger

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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

DateFirmActionFromTo
Jan 2021BarclaysDowngradesOverweightEqual-Weight
Nov 2020Morgan StanleyMaintainsEqual-Weight
Nov 2020B of A SecuritiesUpgradesNeutralBuy

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View the Latest Analyst Ratings

 

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Posted-In: Evan Calio Morgan StanleyAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
URIVertical ResearchInitiates Coverage On310.0
PCARVertical ResearchInitiates Coverage On95.0
DEVertical ResearchInitiates Coverage On345.0
CNHIVertical ResearchInitiates Coverage On16.0
AGCOVertical ResearchInitiates Coverage On119.0
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