Barclays Raises Price Target and Estimates on EOG Resources (EOG); Shares Trading Up 1.2%

Shares of EOG Resources (NYSE: EOG) are trading up $1.47 (+1.30%), despite the main market sentiment being down. Today's move may be from Barclays analyst, Thomas T. Driscoll, who made positive comments on the company this morning.

Driscoll raised his total 2012 oil volumes on the company to 40% year-over-year from EOG's prelim. 30% growth targets. He sees the growth coming from Eagleford, but sees flattish volumes from Bakken and Barnett.

Barclays maintains an 'Overweight' rating on EOG and raises its price target from $133 to $144. FY11 EPS estimate increased from $3.45 to $3.50 and FY12 from $3.80 to $4.50.

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 $113.75 yesterday.

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