Jefferies raised the firm’s price target on EOG Resources (EOG) to $148 from $144 and keeps a Buy rating on the shares following conversations at the Kiawah Energy conference focused on the recent Encino acquisition, with an emphasis on accretion and development strategy. Following the updates, the firm increased its price target assuming a Q3 Encino close.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EOG:
- Infinity Natural Resources price target raised to $28 from $26 at Raymond James
- Early notable gainers among liquid option names on June 10th
- EOG Resources Announces $5.6 Billion Acquisition Deal
- EOG Resources price target raised to $140 from $135 at UBS
- EOG Resources price target raised to $158 from $148 at Raymond James