There has been noteworthy movements for EOG Resources recently. Wolfe Research initiated coverage and later reinstated it with a Peer Perform rating, whereas StockNews.com downgraded EOG to Hold. EOG faced a stock underperformance, however, it outperformed competitors on other trading days. Several institutions reduced their holdings, including Jupiter Asset Management Ltd., Susquehanna Portfolio Strategies LLC, and Blair William & Co. IL. Despite insufficient growth impacting the share price, they successfully beat Q1 earnings estimates led by higher oil production. The retirement of Billy Helms after 40-year tenure was significant. Despite mixed signals, they have been seen as promising by some for their organic growth, successfully beating expectations for Q1 2024 earnings and seen as a strong value stock. EOG is rumoured to be in talks with BP for joint development of the Trinidad gas field. The company is planned to invest $4.2 billion in drilling and exploration in 2024.
Eog Resources EOG News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 21 Jul 2024 16:21:19 GMT - Rating 3 - Innovation 0 - Information 7 - Rumor -1
