In its last weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week's figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications. Baker Hughes' data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company's o ...

Technical analysis patterns form on charts because of investor and trader psychology. This is why the same patterns appear on the charts of different securities. The securities may be different, but the psychology of the people who are trading them is the same. For example, markets tend to find support at price levels that had been support before. This happens because of remorseful sellers. As you can see on the chart, shares of EOG Resources, Inc. EOG found support at the $118 level three times since June. ...

HOUSTON, Sept. 24, 2024 /PRNewswire/ -- EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss third quarter 2024 results on Friday, November 8, 2024, at 9 a.m. Central time (10 a.m. Eastern time). Please visit the Investors/Events & Presentations page on the EOG website to access a live webcast of the conference call. If you are unable to listen to the live webcast, a replay will be available for one year. If you have any questions, please contact Angie Lewis at 713-651-6722. About EO ...

EOG Resources, Inc. (EOG) , a leading exploration and production company, is likely to see earnings growth of almost 2% this year. Factors Working in Favor of EOG The price of West Texas Intermediate crude is trading at more than the $70 per barrel mark, which is highly favorable for upstream operations. EOG Resources, currently carrying a Zacks Rank #3 (Hold), is well-placed to capitalize on the promising business scenario. It has significant undrilled premium locations, resulting in a brightened productio ...

In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was higher than the prior week's figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications. Baker Hughes' data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company's oilfi ...

Core Viewpoint - EOG Resources is currently fairly priced at around $118 per share, with a capital-intensive and cyclical business model that is more influenced by macroeconomic factors than profitability [1] Financial Performance - In Q2, EOG's revenues increased by 8% year-over-year to $6 billion, while net income rose approximately 10% to $2 billion, equating to $2.97 per share [3] - The company generated $2.6 billion in free cash flow in the first half of 2024, funding a cash return to shareholders of $2.5 billion [3] - EOG's average crude oil price increased by about 10% to $82.69 per barrel, and average natural gas liquids price grew by 13% to $245,000 per barrel of oil equivalent per day [3] Future Projections - EOG's revenues are forecasted to reach $19.2 billion for fiscal year 2024, representing an 11% year-over-year increase [4] - Expected earnings per share (EPS) for 2024 is projected at $12.17, with a revised valuation of approximately $122 per share based on a 10.1x P/E multiple [4] Stock Performance Comparison - EOG's stock has shown volatility over the past three years, with annual returns of 89% in 2021, 57% in 2022, and -2% in 2023, contrasting with the more stable performance of the Trefis High Quality Portfolio [2][3]

Company Overview - EOG Resources Inc. is primarily focused on the exploration and production of oil and natural gas, with operations mainly in the United States and Trinidad, particularly in oil-rich regions within the U.S. [11] Zacks Rank and Style Scores - EOG Resources holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating a solid overall performance [11]. - The company has a Value Style Score of B, supported by attractive valuation metrics such as a forward P/E ratio of 9.69, which is appealing to value investors [12]. - Six analysts have revised their earnings estimates upwards in the last 60 days for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.14 to $12.20 per share [12]. - EOG has an average earnings surprise of 6.2%, suggesting a positive trend in earnings performance [12]. Investment Considerations - With a strong Zacks Rank and top-tier Value and VGM Style Scores, EOG Resources is recommended for investors looking for potential opportunities in the oil and gas sector [12].

EOG Resources, Inc. (EOG) , a leading Houston, TX-based shale producer, is set to significantly expand its activities in the Utica shale play in Ohio, per a Reuters report. Speaking at the Barclays CEO Energy-Power Conference in New York, chief operating officer Jeff Leitzell announced that the company has doubled its activity in Utica over the past year, marking a significant growth in its presence in the region. EOG Resources now operates on 445,000 acres, with an average entry cost of approximately $600 ...

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EOG Resources, Inc. (EOG) , a leading exploration and production company, is likely to see earnings growth of 4.2% this year. Factors Working in Favor of EOG Stock The price of West Texas Intermediate crude is trading at more than the $70 per barrel mark, which is highly favorable for upstream operations. EOG Resources, currently carrying a Zacks Rank #3 (Hold), is well-placed to capitalize on the promising business scenario. It has significant undrilled premium locations, resulting in a brightened producti ...