JPMorgan raised the firm’s price target on EOG Resources to $156 from $145 and keeps an Overweight rating on the shares ahead of the fiscal Q3 report. The analyst anticipates a free cash flow beat, a $1 special dividend and Utica technical update. The firm thinks EOG will pivot back toward special dividends after its “brief flirtation” with buybacks. It also sees a “sizeable ramp” in its Q4 oil production.
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