EOG Resources (EOG), Yates Petroleum Enter $2.5B Merger Agreement
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Simmons Raises Price Target on EOG Resources (EOG) Following Yates Acquisition
September 8, 2016 9:01 AM EDTSimmons reiterated an Overweight rating on EOG Resources (NYSE: EOG), and raised the price target to $109.00 (from $103.00), following the company's Acquisition of Yates.
Analyst Pearce Hammond commented, "EOG shares are up 6% since announcing the $2.5B Yates acquisition yesterday. We think this is a smart... More
Jefferies Raises Price Target on EOG Resources (EOG) Following Announced Merger
September 7, 2016 8:29 AM EDTJefferies reiterated a Hold rating on EOG Resources (NYSE: EOG), and raised the price target to $88.00 (from $84.00), following the company's announced all-share merger with legacy private Permian producer Yates Petroleum. With this merger, EOG will add 29.6 Mboe/d to overall production and 44 MMBoe of... More
EOG Resources' (EOG) Price Target Raised to $108 at Deutsche Bank
September 6, 2016 2:08 PM EDTDeutsche Bank maintained a Buy rating on EOG Resources (NYSE: EOG) and raised its price target to $108.00 (from $105.00). Earlier EOG announced an agreement to combine with Yates. In the view of analyst Ryan Todd, the acquisition is "transformative" and comes at a "reasonable... More
