
EOG Resources (EOG) Stock Forecast & Price Target
EOG Resources (EOG) Analyst Ratings
Bulls say
EOG Resources is a strong investment with potential for high dividends as it has a disciplined "premium" investment strategy prioritizing high-return, low-cost inventory and maintains a strategic and growing international presence. While there are concerns with the Delaware Basin well productivity and increased cash taxes due to the stronger crude strip, EOG's focus on operational efficiency and expertise in shallow water development support its continued success. Its recent strategic transformation through the acquisition of Encino Acquisition Partners also adds potential for growth and diversification within its portfolio.
Bears say
EOG Resources is a technical leader in the oil and gas industry, but with little upside from current levels according to the NAV anchored to strip pricing through 2030 and a LT mid-cycle oil price of $65 / $60 Brent / WTI. Additionally, the company's recent exploration in Unconventional Onshore Block 3 in Abu Dhabi and its Dorado assets offer potential for gas optionality, but their attractive breakeven prices may already be reflected in the stock price, leading to a Hold rating.
This aggregate rating is based on analysts' research of EOG Resources and is not a guaranteed prediction by Public.com or investment advice.
EOG Resources (EOG) Analyst Forecast & Price Prediction
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