Argus Remains Positive on EOG Resources (EOG)

Argus maintains Buy on EOG Resources (NYSE: EOG) price target of $133.00.

Analyst Bill Selesky comments "Looking ahead, EOG management continues to focus on improving returns on invested capital, reducing operating costs, and maintaining a strong balance sheet. The company has become one of the industry’s lowest-cost shale drillers, and estimates that it can generate a 30% after-tax return on invested capital even with crude oil at $40 per barrel. We expect these cost-reduction efforts to continue in 2018 and beyond and look for earnings to benefit as industry fundamentals continue to improve."

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 $103.38 yesterday.

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