Susquehanna raised the firm’s price target on EOG Resources to $155 from $147 and keeps a Positive rating on the shares. The firm updated its estimates for their E&P sector by lowereing natual gas assumptions and maintaining oil prices. For 2024, they expect companies will continue their maintenance capital programs, while focusing on driving improving well productivity. Susquehanna also expects M&A activity to continue as companies look to shore up inventory positions.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EOG:
- EOG Resources price target raised to $153 from $141 at Piper Sandler
- EOG Resources price target raised to $142 from $129 at Wells Fargo
- XLE, VDE, FENY: 3 Must-Know ETFs as Energy Stocks Surge
- EOG Resources price target raised to $140 from $138 at Mizuho
- Scotiabank shakes up major oil ratings and price targets
