Market Overview

UPDATE: KLR Group Upgrades EOG Resources Inc

Share:

KLR Group upgraded EOG Resources Inc (NYSE: EOG) to Buy on Thursday with a $140 price target.

Analyst John Gerdes claimed that EOG has achieved "outstanding asset productivity complemented by execution."

Gerdes viewed EOG’s growth coming largely from "the South Texas Eagle Ford Shale, Williston Basin Bakken/TFS Shale and Delaware Basin Leonard/Bone Spring/Wolfcamp Shale."

The $140 price target is "based on the net present value of free cash flow over the life of a company using a reasonable discount rate." Gerdes uses a 12.5 percent discount rate which “includes the long-term nominal performance of the broader equity market (10-12 percent), the greater inherent volatility of cyclical energy investments and the company’s market capitalization above $10 billion (i.e. large-cap)."

EOG Resources Inc closed Wednesday at $96.85.

Latest Ratings for EOG

DateFirmActionFromTo
Oct 2020Piper SandlerUpgradesNeutralOverweight
Oct 2020Raymond JamesMaintainsOutperform
Oct 2020KeyBancMaintainsOverweight

View More Analyst Ratings for EOG
View the Latest Analyst Ratings

 

Related Articles (EOG)

View Comments and Join the Discussion!

Posted-In: John Gerdes KLR GroupAnalyst Color Upgrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
FBJP MorganMaintains315.0
AMDCitigroupMaintains13.0
RPTXNorthland Capital MarketsInitiates Coverage On
PCSACraig-HallumInitiates Coverage On12.0
ENPHCraig-HallumDowngrades105.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com