EOG Resources (EOG) PT Raised to $119 at Argus

Argus reiterated a Buy rating and raised its price target on EOG Resources (NYSE: EOG) to $119.00 (from $105.00).

"Despite volatile crude oil prices, EOG management has continued to focus on improving returns on invested capital, strengthening well performance, reducing costs, and maintaining a strong balance sheet," the analsyt commented.

The firm is raising 2017 earnings estimate to $0.58 from $0.53.

For an analyst ratings summary and ratings history on EOG Resources click here. For more ratings news on EOG Resources click here.

Shares of EOG Resources closed at $102.03 yesterday.

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