Canaccord Genuity maintains a 'Buy' on EOG Resources (EOG); Remains A Favorite Large Cap Pick
EOG Hot Sheet
Rating Summary:14 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Canaccord Genuity maintains a 'Buy' on EOG Resources (NYSE: EOG) price target of $150.00.
Analayst, John Gerdes, said, "EOG remains our top large cap E&P pick as we believe liquids growth should exceed investor expectations. Q4/11 liquids production should beat investor expectations We believe EOG should achieve the midpoint of its liquids guidance, which should represent a positive catalyst as our conversations indicate investors are sceptical that EOG can achieve such robust sequential growth. Strong Eagle Ford well performance underpins our liquids outlook."
"The company overcame skepticism in ’11 by achieving its liquids targets, resulting in share price outperformance. Looking forward, we expect mid-30% liquids growth in ’12 versus upper-20% guidance. EOG has ~20% more upside potential to our target price than its large-cap peers."
For an analyst ratings summary and ratings history on EOG Resources click here. For more ratings news on EOG Resources click here.
Shares of EOG Resources closed at $106.48 yesterday, with a 52 week range of $66.81-$121.44.
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Analayst, John Gerdes, said, "EOG remains our top large cap E&P pick as we believe liquids growth should exceed investor expectations. Q4/11 liquids production should beat investor expectations We believe EOG should achieve the midpoint of its liquids guidance, which should represent a positive catalyst as our conversations indicate investors are sceptical that EOG can achieve such robust sequential growth. Strong Eagle Ford well performance underpins our liquids outlook."
"The company overcame skepticism in ’11 by achieving its liquids targets, resulting in share price outperformance. Looking forward, we expect mid-30% liquids growth in ’12 versus upper-20% guidance. EOG has ~20% more upside potential to our target price than its large-cap peers."
For an analyst ratings summary and ratings history on EOG Resources click here. For more ratings news on EOG Resources click here.
Shares of EOG Resources closed at $106.48 yesterday, with a 52 week range of $66.81-$121.44.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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