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研究快訊:CFRA維持EOG Resources股票的買進評級

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-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下:我們12個月的目標價為153美元,上調16美元,該目標價綜合考慮了相對估值和現金流折現模型。相對估值方面,我們對2027年預計EBITDA採用5.2倍的企業價值倍數,與EOG的歷史預期平均水準基本一致,得出每股價值125美元。同時,我們的現金流量折現模型假設中期自由現金流量成長率為5.0%,終端成長率為2.5%,並以7.1%的加權平均資本成本(WACC)進行折現,得出每股內在價值181美元。我們將2026年每股盈餘(EPS)預期調高6.25美元至15.75美元,並將2027年每股盈餘預期調高1.54美元至13.17美元。 EOG的生產結構仍以液體產品為主(佔2026年預期產量的63%),但在完成Encino的收購後,這一比例已顯著下降。 EOG在第一季確實面臨一些成本壓力,我們認為這與消化Encino的收購有關(該收購將於2025年第三季完成),但我們注意到該公司在提高成本效益方面有著長期良好的記錄,並預計其將在不久的將來重回正軌。

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