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Fly News Breaks for January 21, 2020
Jan 21, 2020 | 07:22 EDT
SunTrust analyst Neal Dingmann upgraded EOG Resources to Buy from Hold with a price target of $110, up from $80. The analyst contends that the company will have the highest combination of production growth and free cash flow yields out of any large E&P in 2020-2021 and sees its superior metrics as sustainable. Dingmann further points to EOG Resources future upside potential given its "best organic leasing opportunities ever".
News For EOG From the Last 2 Days
Jun 1, 2020 | 07:01 EDT
BofA analyst Doug Leggate downgraded EOG Resources to Neutral from Buy with an unchanged price target of $54. Following a recovery in oil prices, and incremental disclosure from EOG management on underlying decline rate and capital intensity of its portfolio, Leggate sees a Neutral rating as more appropriate, he tells investors.