Tiger Brokers

BUZZ-J.P. Morgan raises PT on EOG Resources, expects positive Q2 print

Reuters
Jun 20, 2025
BUZZ-J.P. Morgan raises PT on EOG Resources, expects positive Q2 print

** J.P. Morgan raises PT on oil and gas producer EOG Resources EOG.N to $142 from $125, maintains "neutral" rating

** New PT represents 14.2% upside to stock's last close

** Brokerage says EOG continues to message confident tone on overall execution patterns

** "We anticipate another hunky-dory print from EOG driven by strong field execution, with our production estimates in line with consensus estimates for the quarter," J.P. Morgan says

** Brokerage sees focus of Q2 print to be on EOG's capital allocation strategy post the Encino acquisition

** 19 of 31 brokerages rate stock "buy" or higher, 12 "hold"; median PT is $140 - data compiled by LSEG

** Up till last close, stock up ~1% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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