Tiger Brokers

BUZZ-J.P. Morgan raises EOG Resources' PT on better exploration strategy

Reuters
Feb 26
BUZZ-J.P. Morgan raises EOG Resources' PT on better exploration strategy

** J.P. Morgan raises price target on shale producer EOG Resources EOG.N to $125 from $115

** New PT represents premium of 2% on stock's last close

** Brokerage says EOG's exploration strategy to remain core differentiator among its peers, with company actively pursuing both domestic and international opportunities to enhance its inventory quality and returns

** Sees Delaware well productivity holding broadly steady year-on-year, as co-development across more landing zones may lower per-foot metrics but is viewed as preserving well economics

** 18 of 34 brokerages rate stock at "buy" or higher and 16 "sell"; median PT is $133.50 - data compiled by LSEG

** In 2025, EOG was down 14.3%

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))

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