EOG Resources price target raised to $110 from $108 at Roth Capital

Roth Capital raised the firm’s price target on EOG Resources (EOG) to $110 from $108 and keeps a Neutral rating on the shares. The firm stays on the sidelines based on its shorter inventory life vs. peers and focuses on higher cost emerging plays like the Utica Shale and PRB, and riskier international exploratory plays. Roth is introducing 2027 estimates at this time, and it is currently expecting 3% year-over-year production growth next year.