Expert Outlook: EOG Resources Through The Eyes Of 20 Analysts
Portfolio Pulse from Benzinga Insights
20 analysts have recently updated their ratings on EOG Resources (NYSE:EOG), showing a diverse range of opinions from bullish to bearish. The average 12-month price target for EOG is now $146.0, marking a slight increase from the previous target. Analysts' actions, including raising and lowering ratings and price targets, reflect their adaptation to market conditions and EOG's performance. EOG Resources, an oil and gas producer, reported net proven reserves of 4.5 billion barrels and an average production of 985,000 barrels per day in 2023. Despite a revenue decline of -7.15% in the last quarter of 2023, EOG's net margin and ROA outperform industry averages, while its ROE and debt management indicate areas for improvement.
April 22, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
EOG Resources has seen a diverse range of analyst ratings, with a slight increase in the average 12-month price target to $146.0. The company's financial performance shows strengths in net margin and ROA, despite a revenue decline and below-average ROE.
The mixed analyst ratings and slight increase in the average price target suggest a neutral short-term impact on EOG's stock price. The company's strong net margin and ROA are positive indicators, but the revenue decline and lower ROE could temper investor enthusiasm.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100