EOG Resources Inc. is a significant player in the market, with fluctuating price targets. The firm has recently had its price target adjusted several times, including increases to
$157 by Siebert Williams, and decreases to
$150 and
$115 by KeyBanc and Truist, respectively. Sumitomo Mitsui DS Asset Management, Wedge Capital Management, and Rockland Trust Co. have all boosted their stakes in the company, indicating an upward momentum. Despite losses, EOG Resources' stock continued to
outperform competitors. The firm, which focuses on
organic growth, is projected to increase spending on Ohio Utica. The EOG is also in talks with BP to jointly develop a major Trinidad gas field. Regarding earnings, EOG Resources topped
Q2 earnings and upped its '24 output view. Q1 results were also strong, pushing for an extended long position on the stock. The firm's returns are said to be impressive, with chances of further gains following Q1 results. However, the firm continues to underperform within the NASDAQ and S&P 500 market spectrum. EOG Resources is also scheduled for a
Third Quarter 2024 results call on November 8, 2024. The firm's dividend history is also robust, assisting it in cementing its top 10 position. However, there has been insufficient growth inside the company, hampering the share price.
Eog Resources EOG News Analytics from Thu, 22 Feb 2024 08:00:00 GMT to Sat, 19 Oct 2024 09:35:24 GMT -
Rating 6
- Innovation 3
- Information 5
- Rumor -3
