Additions to EOG's Premium Inventory Support FVE Increase
We are raising our fair value estimate for EOG Resources to $88 per share from $81 after fully incorporating the firm's first-quarter financial and operating results. In contrast to some peers that have reported higher well costs due to service cost inflation, EOG achieved further reductions in the period (first-quarter costs were 6% lower than 2016 averages). As a result of lower costs and higher well productivity, the firm was able to move 1,200 drilling locations into the "premium" category, ...EOG Resources, together with its subsidiaries, explores for, develops, produces and markets crude oil, natural gas liquids and natural gas primarily in main producing basins in the United States, The Republic of Trinidad and Tobago, The People's Republic of China, Canada and, from time to time, select other international areas.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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