EOG Resources price target raised to $124 from $120 at Citi

Citi raised the firm’s price target on EOG Resources to $124 from $120 and keeps a Neutral rating on the shares. The analyst continues to see an incremental trend in well productivity improvements on the natural gas side, with the Haynesville leading the way. The analyst updated models in the U.S. oil and gas exploration and production group following a post-earnings analysis.