02:35 PM EDT, 08/08/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of $135, raised $8, reflects a 5.1x multiple of enterprise value to projected 2026 EBITDA, in line with EOG's historical forward average. We lift our 2025 EPS estimate by $0.40 to $9.86 and 2026's by $0.59 to $11.19. EOG noted in its Q2 call that its newly-acquired Utica acreage (the former Encino) delivers more than 55% direct after-tax rate of return even at bottom-cycle pricing and more than 200% at mid-cycle pricing. We see this as very consistent with the company's premium strategy and view it as a key cog in EOG's portfolio. EOG's legacy well cost per foot in the Utica is about 13% better than under Encino, so we anticipate that EOG can bring improved cost structure to bear and extract synergies. The Encino deal was the largest in EOG's history (at $5.6B), but even with the added debt, EOG maintains that its total debt to EBITDA is still at 1x, assuming $45/b crude and $2.50/mcf natural gas, which are conservative assumptions.