Jefferies Maintains a 'Buy' on EOG Resources (EOG); Q4 Postview: An Enticing Year Ahead
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Price: $153.05 +0.57%
Rating Summary:
29 Buy, 25 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
29 Buy, 25 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies maintains a 'Buy' on EOG Resources (NYSE: EOG) price target raised from $120 to $131.
Analyst, Biju Z. Perincheril, said, "EOG has substantial upside from its existing shale play through improving recovery factors, which will be a focus area for the company is '12. New areas such as the Wolfcamp and Vaca Muerta could also add to EOG's oil inventory. While EOG will outspend cash flows by a wide margin this year, it should get to cash flow neutral by the end of '13, if current oil prices hold."
"Increasing 2012 estimates, introducing 2013...2012 eps increases to $4.00 from $3.60 due to higher liquids volumes and lower G&A partially offset by higher DD&A. 2013 eps of $3.30 is based on an $85/$4 price deck and 7% overall y/y production growth."
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 $114.35 yesterday.
Analyst, Biju Z. Perincheril, said, "EOG has substantial upside from its existing shale play through improving recovery factors, which will be a focus area for the company is '12. New areas such as the Wolfcamp and Vaca Muerta could also add to EOG's oil inventory. While EOG will outspend cash flows by a wide margin this year, it should get to cash flow neutral by the end of '13, if current oil prices hold."
"Increasing 2012 estimates, introducing 2013...2012 eps increases to $4.00 from $3.60 due to higher liquids volumes and lower G&A partially offset by higher DD&A. 2013 eps of $3.30 is based on an $85/$4 price deck and 7% overall y/y production growth."
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 $114.35 yesterday.
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