EOG Resources (EOG) recently saw a cut in price target to $166.00 by
UBS Group. Yet, it's considered a promising cheap stock, despite underperforming when compared to competitors on some days. Stock holdings of the company are showing a significant value with
QRG Capital Management reporting $7.91 million.
EOG Resources is currently testing
Pearsall in Western Eagle Ford Stepout.
Susquehanna raises
EOG Resources’ price target to $159.00 on solid Q2 earnings and a raised output view for '24. The company joined the Utica Oil market which added value for the long term.
EOG Resources’ performance overall is seen as a strong value stock. Recent transactions include the purchase of South Texas gathering system and divestiture in Delaware, Eagle Ford. However, with an average rating of “hold” from Brokerages and signs pointing towards weak stock, the company's future prospects are debatable.
EOG Resources plans to invest $4.2 billion in drilling and exploration operations in 2024. Despite a strong Q2, it remains uncertain how future performance will be influenced with gas back in focus.
Eog Resources EOG News Analytics from Thu, 22 Feb 2024 08:00:00 GMT to Sun, 11 Aug 2024 15:29:46 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -3
