EOG Resources (EOG) Update - August 23

[dan_s]

TipRanks: "In the last 3 months, 19 ranked analysts set 12-month price targets for EOG. The average price target among the analysts is $101.47. The 19 fresh price targets range from $79 to $119."

Bloomberg -- Wells Fargo upgraded Continental Resources and EOG to overweight from equalweight, as the bank sees the
“differentiated earnings execution as more compelling than the slightly premium valuations.”
* Analysts led by Nitin Kumar also upgraded OAS to equalweight from underweight, citing strong execution to-date
* Downgrades CHK to equalweight on concerns around “strategy drift”
* ESTE cut to underweight on valuation
* FANG top pick, replacing PDCE
* Says “Shale 3.0” remains compelling; investors favoring stocks
with earning quality versus commodity beta
* Separately, Tudor Pickering analysts said in a note weakness in E&P stocks presents attractive entry point; sees oil rising to $65-$70 in 2022

EOG is trading for $67.40 at the time of this post.