EOG Resources price target raised to $140 from $137 at Barclays

Barclays raised the firm’s price target on EOG Resources (EOG) to $140 from $137 and keeps an Equal Weight rating on the shares. The Encino deal fits the company’s strategic rationale to gain scale and efficiency in what will be EOG’s third largest foundation play, the analyst tells investors in a research note. The firm sees the deal as modestly accretive on enterprise value multiples and highly accretive on per share metrics.