share_log

Citi Maintains EOG Resources(EOG.US) With Hold Rating, Raises Target Price to $134

Futu News ·  Nov 26, 2024 20:31  · Ratings

Citi analyst Scott Gruber maintains $EOG Resources (EOG.US)$ with a hold rating, and adjusts the target price from $130 to $134.

According to TipRanks data, the analyst has a success rate of 57.6% and a total average return of 12.9% over the past year.

AnalystRecentRatingAutoNews_201514_20241126_f600ad7f1af690efa8b3c2659d55f0ef2f2f7d60_1732700031121808_nn_en

Furthermore, according to the comprehensive report, the opinions of $EOG Resources (EOG.US)$'s main analysts recently are as follows:

  • Updates in the modeling across the oil and gas exploration and production group post-Q3 reports indicate continued opportunities for efficiency improvements, potential gains from existing synergies, and enhanced strategies for long-term gas monetization.

  • E&Ps demonstrated robust third-quarter updates, with capital efficiency improvements and potential cost deflation acting as positive influences for 2025. Many within this coverage continue to anticipate minimal or no growth, and some natural gas activities might be postponed until there is a further recovery in prices.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment