3 Best Energy Stocks To Buy Right Now
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Energy Sector Performance: Despite a challenging year for stocks, energy stocks have shown resilience with low valuations and favorable treatment from the Trump administration. However, concerns remain due to declining oil prices and rising production costs.
Investment Opportunities: Analysts highlight several promising energy stocks, including Marathon Petroleum, Schlumberger, and Kinder Morgan, which are expected to perform well amid market volatility and increasing demand for natural gas, particularly in Europe.
Analyst Views on EOG
Wall Street analysts forecast EOG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EOG is 138.95 USD with a low forecast of 114.00 USD and a high forecast of 161.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
10 Buy
11 Hold
0 Sell
Moderate Buy
Current: 108.020
Low
114.00
Averages
138.95
High
161.00
Current: 108.020
Low
114.00
Averages
138.95
High
161.00
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.
