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Posted by
Two Blokes Jul 29 -
Filed in
Stock
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5 views
I rate EOG Resources a Buy with a $131 price target, based on 2026 EBITDA estimates and a 5.6x multiple at $70 oil. EOG's core and emerging assets, strong free cash flow, and shareholder returns support my bullish thesis, further enhanced by the Encino acquisition. The Encino deal is accretive to EBITDA and free cash flow, expands Utica acreage, and increases natural gas exposure, while EOG maintains a strong balance sheet.
