Mizuho analyst Nitin Kumar raised the firm’s price target on EOG Resources to $140 from $138 and keeps a Buy rating on the shares ahead of the Q1 report. The analyst expects a solid start to fiscal 2024 but says this is well previewed, with a potential slowdown of gas capex.
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Read More on EOG:
- Scotiabank shakes up major oil ratings and price targets
- EOG Resources downgraded to Sector Perform from Outperform at Scotiabank
- Barclays starts U.S. Integrated Oil & E&P sector with Positive view
- EOG Resources initiated with an Equal Weight at Barclays
- EOG Resources Leverages Derivatives for Revenue Stability
