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Earnings Reports: EOG Impresses; GST Performs, But Target Price Reduced

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By Darren Barbee, Hart Energy
November 9, 2012

Despite minor setbacks at two Houston oil and gas exploration and production companies, analysts say both are playing to their strengths and managing their weaknesses.

Houston’s EOG Resources Inc. (NYSE: EOG) impressed analysts with a “stellar quarter,” reporting Nov. 5 third-quarter net income of $355.5 million, or $1.31 per share. That compares to third-quarter 2011 net income of $540.9 million, or $2.01 per share.

In 2013, projected capital expenditures (capex) may be in the range of $6.9 billion to $7 billion, including more capital shifting to the Eagle Ford and ...

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