EOG Resources shares are trading higher after JP Morgan Maintained an Overweight rating on the stock and raised its price target from $145 to $156. Energy stocks are also higher amid a gain in oil prices.
Portfolio Pulse from Benzinga Newsdesk
EOG Resources shares are trading higher after JP Morgan maintained an Overweight rating on the stock and raised its price target from $145 to $156. The rise is also supported by a gain in oil prices.
September 27, 2023 | 4:38 pm
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EOG Resources' stock price is likely to increase in the short term due to JP Morgan's maintained Overweight rating and raised price target, as well as a gain in oil prices.
JP Morgan's maintained Overweight rating and raised price target for EOG Resources indicates a positive outlook for the company. This, coupled with a gain in oil prices, is likely to drive up EOG's stock price in the short term.
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