Since EOG released Q2 results, First Call has increased its price target by over $11/share to $171.48.
My Fair Value Estimate is $200/share and I actually think that is very conservative. If they continue to beat my production forecasts, as they have done for several quarters in a row, the valuation for this one will go up by leaps and bounds. Do not let the high share price keep you away. What EOG holds just in South Texas may be worth more than the entire market cap.
EOG Price Target Raised
EOG Price Target Raised
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: EOG Price Target Raised
FBR Capital raised its price target for EOG Resources to $200 following the company's Q2 results and maintains an Outperform rating on the stock.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group