EOG Resources (EOG) PT Raised to $148 at Jefferies

Jefferies analyst Lloyd Byrne raised the price target on EOG Resources (NYSE: EOG) to $148.00 (from $144.00) while maintaining a Buy rating.

The analyst comments "Vice President & Head of Investor Relations Pearce Hammond attended. Conversations focused on the recent Encino acquisition, with an emphasis on accretion and development strategy. We corroborate the announced ~10% EBITDA / CF accretion, but calculate an even higher FC step-up after baking in ~$150mn of synergies and anticipated production shift. We increase our PT to $148 assuming a 3Q25 Encino close."

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