Deutsche Bank maintains a 'Buy' on EOG Resources (EOG); 2012 Beat & Raise Story

Deutsche Bank maintains a 'Buy' on EOG Resources (NYSE: EOG) price target of $130.00.

Deutsche analyst said, "We continue to see EOG as the most likely beat and raise (production & cash flow) story amongst the large-cap E&Ps. While liquids production growth guidance was raised to 30% (from 27%), guidance still implies flat 1H12 volumes and the sale of ~3 mbpd of volumes, which raised market concerns about the 'beat & raise' thesis. After reviewing our per play estimates and year end disclosure, the ~40% liquids growth thesis is intact."

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 $109.02 yesterday.

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