EOG Resources price target raised to $165 from $161 at Stifel

Stifel analyst Derrick Whitfield raised the firm’s price target on EOG Resources to $165 from $161 and keeps a Buy rating on the shares. The firm updated its model for the stock to account for quarterly results and updated guidance, the analyst tells investors. Overall, Stifel views EOG as the pioneer of U.S. horizontal oil. The company offers investors second-best DAPPS, a “best-in-class” balance sheet, and has a differentiated asset base and management team, the firm adds. Stifel is “very bullish” on the company’s culture and ability to recreate its cost of supply advantage.