EOG Resources, Inc. (NYSE:EOG) is one of the best oil stocks to buy right now. Barclays lifted the price target on EOG Resources, Inc. (NYSE:EOG) to $140 from $133 on March 13 and reiterated an Equal Weight rating on the shares. It believes that cash flow tailwinds for the exploration and production group are continuing to remain underappreciated, and while the oil spike is “unlikely to last for long”, the firm believes that the market is underappreciating the cash flow benefit, as well as the the “durable benefit”, it will have on the group’s capacity to raise cash returns beyond the conflict.
UBS also raised the price target on EOG Resources, Inc. (NYSE:EOG) to $158 from $149 on March 5 and reaffirmed a Buy rating on the shares. It told investors in a research note that prolonged conflict in the Middle East and potential Qatar gas supply disruptions appear to be underpriced by the market, and this may lift oil and natural gas prices while driving the strongest free cash flow upside for companies producing both oil and gas.
EOG Resources, Inc. (NYSE:EOG) explores, develops, produces, and markets natural gas and crude oil. Its operations are divided into the following geographical segments: the United States, Trinidad, and Other International.
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