Goldman Sachs Positive on Wattenberg/Bakken Plays (EOG) (CLR) (NBL) (OAS) (BCEI)

Goldman Sachs reiterated a Conviction Buy on EOG Resources (NYSE: EOG) and raised its price target of $131.00 (from $124.00). Analyst Brian Singer said he remains positive on Wattenberg/Bakken. Other stocks mentioned include Noble Energy, Inc. (NYSE: NBL), Continental Resources OK (NYSE: CLR), Oasis Petroleum (NYSE: OAS), and Bonanza Creek Energy (NYSE: BCEI).

"We met with companies focused on Bakken and Wattenberg in Denver and visited production facilities of Continental Resources and Kodiak Oil & Gas in North Dakota earlier this week. Following our trip and a review of well results in the two plays, we continue to believe that both the Wattenberg and Bakken areas are underappreciated by the Street with catalysts for improved production and resource trends in 2H 2014," said Singer.

"After our trip to the Bakken we came away most favorably towards CL-Buy EOG for both well performance and execution, though momentum for Buy-rated CLR could remain strong heading into its September analyst meeting," he added.

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 $113.54 yesterday.

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