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

Analysts' ratings for EOG Resources (NYSE:EOG) over the last quarter show a mix of bullish and bearish sentiments. The average 12-month price target has increased to $145.8, with a high estimate of $163.00 and a low estimate of $124.00. Recent analyst actions include several rating adjustments and price target changes, reflecting evolving market dynamics and company performance.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 4:01 pm

B of A Securities has reinstated a Buy rating on EOG Resources (NYSE:EOG) with a price target of $151, as announced by analyst Noah Hungness.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:54 pm

EOG Resources (NYSE:EOG) has significantly outperformed the market over the past 20 years, delivering an average annual return of 11.34%. A $1000 investment in EOG 20 years ago would be worth $8,879.85 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 9:00 pm

Shares of several oil & gas companies are trading lower following an OPEC+ meeting in which members announced they would start phasing out voluntary production cuts in October.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 6:08 pm

BP and Trinidad's NGC have received a two-year license from the U.S. Treasury Department to develop the Cocuina-Manakin gas fields with Venezuela. This follows a similar authorization for Shell and NGC for the Dragon gas field. BP had suspended negotiations until receiving this authorization. Venezuela aims to start gas exports to secure revenue. BP, Shell, and EOG Resources have also offered six bids to Trinidad and Tobago.

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 10:26 am

Shares of oil and gas companies are trading lower amid a drop in the price of crude.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:00 pm

BP, Shell, and EOG Resources have placed bids in Trinidad and Tobago's 2023 shallow water auction, which closed with no other bidders. The auction saw bids for four blocks, with winners to be announced in four months. Trinidad's government had revised fiscal terms to attract more bids after a failed 2019 round.

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 10:42 am

Citigroup analyst Scott Gruber maintains a Neutral rating on EOG Resources (NYSE:EOG) and raises the price target from $124 to $130.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:55 pm

EOG Resources (NYSE:EOG) has outperformed the market over the past 20 years with an average annual return of 12.0%. A $100 investment in EOG 20 years ago would be worth $970.63 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 9:01 pm

Crescent Energy Co (NYSE:CRGY) is set to acquire SilverBow Resources Inc (NYSE:SBOW) for $2.1 billion. SilverBow shareholders will receive 3.125 shares of Crescent Class A stock per SilverBow share, with an option for cash at $38 per share, capped at $400 million. The deal, which includes adding two SilverBow directors to Crescent's board, expands Crescent's operations in the Eagle Ford shale basin. The transaction is expected to close by the end of Q3 2024.

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 3:45 pm

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