Canaccord Genuity maintains a 'Buy' on EOG Resources (EOG); Liquids Growth on Track; Potential Value Uplift from Improving Price Realizations

Canaccord Genuity maintains a 'Buy' on EOG Resources (NYSE: EOG) price target raised $1 to $158.00.

Canaccord analyst, John Gerdes, said, "We expect EOG to hit the mid-point of ’11 liquids production guidance on the back of strong Eagle Ford execution and production acceleration in the Bakken with the pickup in completion activity post spring flooding. Given EOG has been in the penalty box for almost a year following its late ’10 guidance reduction, we believe achievement of liquids production guidance should be read positively and generate stock price outperformance."

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 $79.41 yesterday.

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