Raymond James raised the firm’s price target on EOG Resources (EOG) to $148 from $140 and keeps a Strong Buy rating on the shares. The firm cites a higher commodity strip for the price target increase. EOG is now planning 360 net completions in the Delaware Basin, down from initially planned 375, 110 net completions in the Eagle Ford, down from 120, and 25 net completions in the Powder River Basin, down from 30, the analyst tells investors in a research note.
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