EOG Resources price target raised to $159 from $155 at Susquehanna

Susquehanna analyst Biju Perincheril raised the firm’s price target on EOG Resources to $159 from $155 and keeps a Positive rating on the shares. The firm said they reported 2Q results, with a beat on production and EPS. EOG raised its FY liquids guidance, driven by strong well performance from longer laterals and its artificial lift optimizers. Costs have declined in line with expectations, with leading-edge reductions flattening out as rig and frac fleet counts stabilize.