EOG Price Target Raised
Posted: Tue Aug 13, 2013 1:29 pm
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.
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.