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:
E&P companies reported robust third quarter updates, emphasizing improvements in capital efficiency and the potential for cost deflation to serve as tailwinds by 2025. While many within this industry sector continue to anticipate minimal or no growth, some gas-related activities may be postponed until there is a substantial recovery in prices.
Management's decision to emphasize EOG Resources' balance sheet strength generates opportunities for increased shareholder returns and potential acquisitions, representing a notable and favorable shift in strategy.
Note:
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