Raymond James raised the firm’s price target on EOG Resources (EOG) to $161 from $158 and keeps a Strong Buy rating on the shares. While plenty of macro uncertainty remains, the oil price has for the time being recovered, and Raymond James sees minimal activity changes from management teams as a result, the analyst tells investors in a research note.
Claim 55% 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:
- EOG Resources price target lowered to $136 from $138 at Piper Sandler
- EOG Resources put volume heavy and directionally bearish
- EOG Resources downgraded to Neutral from Buy at Roth Capital
- Insider Sales Shake Royal Caribbean, Kroger, HP, Intellia, EOG
- EOG Resources Completes $3.5 Billion Senior Notes Offering