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Fly News Breaks for June 12, 2019
EOG
Jun 12, 2019 | 07:36 EDT
SunTrust analyst Neal Dingmann lowered his price target on EOG Resources to $120, bringing his enterprise value to expected FY20 EBITDA valuation multiple on the stock to 7.4-times, which is closer in line to the peer average of 4.4-times and down from prior 7.9-times. The analyst also keeps his Buy rating on EOG Resources citing its "continued positive well results" and "industry leading cost structure" that allow the company to generate sustained free cash flows while also returning capital to shareholders.
News For EOG From the Last 2 Days
