12:45 AM EST, 11/11/2025 (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 remains $135, based on a combination of our relative valuation and DCF models. On a relative basis, we apply a 5.5x multiple of enterprise value to projected 2026 EBITDA. The applied multiple is slightly above EOG's historical forward average, but merited in our view by an improving cost profile, and yields a value of $125 per share. Our DCF model, using free cash flow growth of 3.2% per year for 10 years and 2.0% thereafter, discounted at a WACC of 6.2%, yields an intrinsic value of $145 per share. We lift our 2025 EPS estimate by $0.30 to $10.16, but trim our 2026 estimate by $0.24 to $10.95. EOG has long held an unusual position of negative net debt, but that changed in mid-2025 with its largest-ever acquisition (Encino) for $5.6 billion. Today, EOG has a net debt to capital ratio of 12%, which is still considerably better than our peer average of 27%, and the growth potential is strong, in our view.