Oppenheimer Remains Bullish on EOG Resources (EOG)

November 21, 2012 12:51 PM EST
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Price: $105.39 --0%

Rating Summary:
    26 Buy, 17 Hold, 1 Sell

Rating Trend: Up Up

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Oppenheimer maintained an Outperform rating on EOG Resources (NYSE: EOG) with a price target of $130.00.

"EOG is the leading operator in the Eagle Ford and the Bakken unconventional oil plays which have been the key to its prolific oil and NGLs production growth rates in recent years," said analyst Fadel Gheit.

Gheit noted that EOG boosted its oil production growth rate this year to 40 percent from 37 percent reflecting better well performance, which in his view, underscores the quality of its assets.

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 $117.40 yesterday.

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