Mizuho analyst Nitin Kumar lowered the firm’s price target on EOG Resources to $150 from $158 and keeps a Buy rating on the shares post the Q3 report. The analyst cites modest changes to well-level economics and inventory assumptions for the target drop.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EOG:
- EOG Resources price target raised to $169 from $165 at Truist
- EOG Resources reports Q3 adjusted EPS $3.44, consensus $2.99
- EOG Resources Reports Third Quarter 2023 Results, Increases Annual Cash Return Commitment to Shareholders and Raises Regular Dividend 10%
- EOG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- EOG Resources downgraded to Neutral from Buy at Citi