Canaccord Genuity Reiterates a "Buy/Top Pick' rating on EOG Resources (EOG); Highlights From Management Meeting

Canaccord Genuity reiterates a "Buy/Top Pick' rating on EOG Resources (NYSE: EOG), PT $138.

Canaccord analyst says, "We continue to rate EOG among our top picks. The company has competitive liquids-oriented capital productivity driven by the Eagle Ford Shale, Bakken/Three Forks Shales and the Barnett Shale Combo play. Additionally, the company has material emerging resource potential in the Niobrara Shale and Permian/Anadarko Basins. We believe EOG continues to offer attractive risk/reward as the stock trades at a~5% discount (’11E EBITDA) to the sector, has competitive production/CFPS growth and ~20% higher cash margins."

For more ratings news on EOG Resources click here and for the rating history of EOG Resources click here.

Shares of EOG Resources closed at $118.51 yesterday.

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