UBS Raises PT on EOG Resources (EOG) Stock

EOG Resources, Inc. (NYSE:EOG) is one of the Best Oil and Gas Stocks to Buy According to Analysts. On August 20, UBS analyst Josh Silverstein lifted the price objective on the company’s stock to $144 from $142, while keeping a “Buy” rating, as reported by The Fly. As per the analyst, persistent commodity headwinds have been dampening upside potential. Elsewhere, EOG Resources, Inc. (NYSE:EOG) highlighted that the expansion of its portfolio via Encino acquisition, the entry into Bahrain and the UAE, and robust exploration progress throughout its domestic portfolio and in Trinidad, significantly improved its industry-leading asset base.

EOG Resources, Inc. (NYSE:EOG) continues to improve its resource base while, at the same time, it has been maintaining one of the strongest balance sheets in the broader industry. EOG Resources, Inc. (NYSE:EOG)’s multi-basin portfolio, operational excellence, and financial strength offer the unmatched flexibility to provide increased returns and significant cash return to shareholders through commodity price cycles.

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Disclosure: None. This article is originally published at Insider Monkey.