UBS Maintains a 'Buy' on EOG Resources (EOG); Liquids Production Growth and Lower Costs Help Q2

UBS maintains a 'Buy' on EOG Resources (NYSE: EOG) price target of $130.00 (from $120.00).

Analyst, William A. Featherston, said, "Q2 clean EPS/CFPS of $1.16/$5.21 crushed consensus of $0.91/$4.49 and UBSe of $0.70/$4.10 on better than expected results on all fronts...EOG maintained capex of $7.4-$7.6 billion but 1H12 spending is running ahead of pace. We raised 2012-13E EPS/CFPS to $4.55/$20.20 and $4.80/$21.95 from $3.80/$18.20 and $3.75/$20.75."

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 $96.12 yesterday.

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