EOG Resources' (EOG) Price Target Raised to $108 at Deutsche Bank

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Simmons Raises Price Target on EOG Resources (EOG) Following Yates Acquisition

September 8, 2016 9:01 AM EDT

Simmons 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 EDT

Jefferies 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), Yates Petroleum Enter $2.5B Merger Agreement

September 6, 2016 7:08 AM EDT

EOG Resources, Inc. (NYSE: EOG) and Yates Petroleum Corporation announced definitive agreements under which EOG has agreed to combine with Yates Petroleum Corporation, Abo Petroleum Corporation, MYCO Industries, Inc. and certain other entities (collectively, Yates). Under the terms of this private, negotiated transaction, EOG will issue 26.06 million shares of common stock valued at $2.3 billion and pay $37 million in cash, subject to certain closing adjustments and lock-up provisions. EOG will assume and repay at closing $245 million of Yates debt offset by $131... More