Wells Fargo upgraded EOG Resources (EOG) to Overweight from Equal Weight with a price target of $150, up from $147. The firm favors gas equities in 2025, saying the favorable fundamentals for gassy exploration and production companies s are well known but still favorable. With both power generation and liquified natural gas exports ramping higher through 2030, U.S. natural gas demand growth might deliver three-times volume growth versus global oil demand, the analyst tells investors in a research note. Wells adjusted ratings in the sector as part of its 2025 outlook.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EOG:
- EOG Resources call volume above normal and directionally bullish
- EOG Resources price target lowered to $148 from $156 at Mizuho
- EOG Resources put volume heavy and directionally bearish
- EOG Resources price target raised to $141 from $132 at JPMorgan
- EOG Resources price target raised to $134 from $127 at Citi