EOG Resources (NYSE:EOG) is set to raise its dividend to $0.825 with a notable insider buy-in, leading to a 12% increase this year. Despite a downgrade by Truist Financial and unfavorable stock performance compared to competitors, EOG Resourcesβs EVP & COO sold over $1 million in company stock. While
Q1 2024 earnings estimates have been elevated, the stock yet struggled, leading both EVP & COO Jeffrey Leitzell and Michael P. Donaldson to sell their shares. However, the price target for
EOG Resources has been boosted to $154.00 by Piper Sandler, creating potential for upside. The company reported beats on
Q1 estimates and solid oil production, and appears to show decent growth prospects going forward. Still, there's an uncertain future ahead as gas comes back into focus and the company foresees no recovery in US oil production.
EOG Resources also announced plans to invest $4.2 billion in drilling and exploration operations in 2024, therefore, presenting growth and investment potential for interested parties.
Eog Resources EOG News Analytics from Tue, 28 Nov 2023 08:00:00 GMT to Thu, 16 May 2024 18:28:51 GMT -
Rating -2
- Innovation 2
- Information 4
- Rumor 2
