EOG RESOURCES INC: RAYMOND JAMES INCREASES TARGET PRICE FROM $157 TO $185
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy EOG?
Source: moomoo
- Price Increase Announcement: Raymond James has raised its price target for a specific stock to $185 from $157.
- Market Impact: This adjustment reflects a positive outlook on the stock's performance and potential growth in the market.
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Analyst Views on EOG
Wall Street analysts forecast EOG stock price to fall
17 Analyst Rating
6 Buy
11 Hold
0 Sell
Moderate Buy
Current: 149.560
Low
114.00
Averages
131.00
High
151.00
Current: 149.560
Low
114.00
Averages
131.00
High
151.00
About EOG
EOG Resources, Inc. is a crude oil and natural gas exploration and production company. The Company explores, develops, produces, and markets crude oil, natural gas liquids (NGLs) and natural gas primarily in major producing basins in the United States, the Republic of Trinidad and Tobago (Trinidad) and, from time to time, selects other international areas. Its operations are located in the basins of the United States with a focus on crude oil and natural gas plays. It is focused on the Wolfcamp, Bone Spring, and Leonard plays. The South Texas area includes the Eagle Ford play and the Dorado gas play. It holds approximately 535,000 total net acres in the Eagle Ford play and approximately 160,000 net acres in the Dorado gas play. In Trinidad, the Company, through its subsidiaries, including EOG Resources Trinidad Limited, holds interests in the exploration and production licenses covering the South East Coast Consortium (SECC) and Pelican Blocks, Banyan and Sercan Areas, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Low Breakeven Point: Diamondback Energy requires only $30 oil to maintain its current production rate, expecting to generate over $3.1 billion in free cash flow at $50 oil and more than $6.7 billion at $80 oil, with plans to return half of its free cash flow to shareholders.
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