Raymond James Maintains Strong Buy Rating for EOG Resources: Here's What You Need To Know

Raymond James has decided to maintain its Strong Buy rating of EOG Resources EOG and lower its price target from $154.00 to $148.00.

Shares of EOG Resources are trading down 0.07% over the last 24 hours, at $121.35 per share.

A move to $148.00 would account for a 21.96% increase from the current share price.

About EOG Resources

EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2022, it reported net proved reserves of 4.2 billion barrels of oil equivalent. Net production averaged 908 thousand barrels of oil equivalent per day in 2022 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.