Streetbeat News

EOG

EOG Resources, Inc.

https://www.eogresources.com

Industry

Oil & Gas Exploration & Production

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

Open

127.20

Mkt cap

72B

Volume

1.8M

High

127.60

P/E Ratio

9.37

52-wk high

139.67

Low

124.87

Div yield

0.05

52-wk low

108.94

EOG Resources (NYSE:EOG) has received mostly bullish ratings from analysts in the last quarter, with 9 bullish, 5 somewhat bullish, and 1 indifferent rating. The company's average price target has increased by 2.96% from the previous average, now standing at $148.6. Analysts determine these ratings based on the company's predicted future earnings and the predictability of its revenue streams.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 4:00 pm

Citigroup analyst Scott Gruber maintains a Buy rating on EOG Resources (NYSE:EOG) and raises the price target from $138 to $144.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:00 pm

EOG Resources (NYSE:EOG) has outperformed the market over the past 20 years by 5.8% on an annualized basis, producing an average annual return of 13.53%. If an investor had bought $100 of EOG stock 20 years ago, it would be worth $1,246.93 today.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 8:00 pm

Energy stocks are trading lower as oil prices pull back from recent strength. This impacts a range of energy companies.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:21 pm

Mizuho has maintained its Buy rating for EOG Resources (NYSE:EOG) and increased its price target from $155.00 to $157.00. EOG Resources is an oil and gas producer with significant acreage in several U.S. shale plays. The company's shares are currently trading up 0.14% over the last 24 hours, at $132.37 per share. A move to $157.00 would represent an 18.61% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 5:00 pm

Mizuho analyst Vincent Lovaglio has maintained a 'Buy' rating on EOG Resources (NYSE:EOG) and raised the price target from $155 to $157.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:21 pm

The U.S. Energy Information Administration (EIA) forecasts growth in U.S. crude oil production to surpass 12.9 million barrels per day in late 2023 and exceed 13 million barrels per day in early 2024. This is due to sustained global petroleum demand and rising prices. EIA also expects Brent crude oil price to approach $90 per barrel in late 2023. Companies mentioned include Prairie Operating Co., Chevron Corporation, Occidental Petroleum Corporation, EOG Resources, Inc., and Berkshire Hathaway Inc.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:46 pm

Oil prices have surged past $90 per barrel, a level not seen in the last 10 months, due to an improving global demand outlook and tightening supplies. This has resulted in a 30% increase in the U.S. oil benchmark over the past three months. Factors contributing to the surge include stronger-than-expected U.S. economic data, China's stimulus measures, and the prospect of central banks ending their tightening campaigns. On the supply side, oil producers are extending production cuts and oil inventories are at historically low levels. Several U.S. oil-related stocks show varying degrees of sensitivity to these oil price fluctuations.

Portfolio Pulse from Piero Cingari

September 15, 2023 | 2:10 pm

Unusual options activity has been observed for EOG Resources (NYSE:EOG), with a large position indicating a bullish stance. The sentiment among these big-money traders is 70% bullish and 30% bearish. The targeted price range for EOG Resources over the last 3 months is from $104.2 to $146.0. Major financial institutions including Morgan Stanley, UBS, Wells Fargo, Mizuho, and Jefferies have maintained their positive ratings on EOG Resources.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:30 pm

Shares of oil companies are trading higher due to an extension of production cuts until December announced by Saudi Arabia and Russia. This has led to a rise in oil prices, positively impacting companies like BP, CVX, EOG, and OXY.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 3:35 pm

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