Morgan Stanley analyst Devin McDermott maintains $EOG Resources (EOG.US)$ with a hold rating, and adjusts the target price from $132 to $139.
According to TipRanks data, the analyst has a success rate of 57.1% and a total average return of 9.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $EOG Resources (EOG.US)$'s main analysts recently are as follows:
The firm updated models in the oil and gas exploration and production group following the Q3 reports. It sees opportunities for continuation of recent efficiency improvement trends, potential upside to known synergy capture, and efforts to improve longer-term gas monetization.
E&Ps demonstrated robust third-quarter updates, underscoring potential cost deflation and capital efficiency as positive drivers leading into 2025. While the majority are maintaining plans for minimal or no growth, certain gas activities might be postponed until there's a more substantial recovery in prices.
Note:
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