Why EOG Resources Shares Are Gaining Today
Portfolio Pulse from Lekha Gupta
EOG Resources Inc's Q3 FY23 results beat consensus estimates, with revenues of $6.2 billion and adjusted EPS of $3.44. The company raised its quarterly dividend by 10% to $0.91 and declared a special dividend of $1.50 per share. EOG also increased its 2024+ cash return commitment to a minimum of 70% of annual free cash flow. The company's shares are trading higher in premarket.
November 03, 2023 | 11:46 am
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POSITIVE IMPACT
EOG Resources reported strong Q3 FY23 results, beating estimates and raising its dividend and cash return commitment. This positive news is likely to boost investor confidence and could lead to a short-term increase in the company's stock price.
EOG Resources' strong Q3 results, which beat estimates, and its decision to raise its dividend and cash return commitment, are positive indicators of the company's financial health. This is likely to increase investor confidence in the company and could lead to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100