EOG is trading for $37 today.
Scott Hanold at RBC Capital published a new report on EOG today. He rates it a BUY with a price target of $63.00.
TipRank:
"RBC Capital analyst Scott Hanold lowered the firm's price target on EOG Resources to $63 from $69 but keeps an Outperform rating on the shares. The analyst says his new price target reflects "some risking related to the federal acreage exposure", though he also raises his FY20 EPS view by 2c to $7.82 and FY21 view by 27c to $9.35 to reflect higher commodity price realizations."
FEAR that a Biden president would ban fracking on federal land is nothing to worry about.
EOG Resources (EOG) Update - Oct 16
EOG Resources (EOG) Update - Oct 16
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group