Fly News Breaks for March 2, 2020
Mar 2, 2020 | 09:35 EDT
SunTrust analyst Neal Dingmann lowered the firm's price target on EOG Resources to $90 from $110 but keeps a Buy rating on the shares. The analyst notes that the stock has fallen to a 7-year low, but he sees that valuation as "unjustifiable" despite the challenging macro backdrop given its free cash flow and capital flexibility that give the company options "through multiple commodity prices".
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.