Jefferies Boosts Numbers on EOG Resources (EOG)

Jefferies raised estimates and its price target on EOG Resources (NYSE: EOG) from $131 to $135 after updating NAVs and estimates on higher oil price deck. The firm is revising long-term WTI assumption to $95/bbl from $85 .

Q1 EPS goes from $1.08 to $1.14, FY12 EPS from $4.50 to $4.85 and FY13 EPS form $3.85 to $4.85.

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 $102.77 yesterday.

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