Mizuho calls this company 'the Apple of oil,' sees 40% gain

Sand destined for the oil and gas fields piles up at the EOG Resources processing plant in Chippewa Falls, Wisc.
Steve Karnowski | AP

After shakey earnings for oil producer EOG Resources, the company's stock is well-positioned to outperform, according to Mizuho Securities.

The firm maintained its buy rating and $122 price target on EOG Resources, which would be a 42% upside for the stock.