Here's Why Hold Strategy is Apt for EOG Resources (EOG) Stock Now
EOGEOG Resources(EOG) ZACKS·2024-08-22 22:05

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 StockThe 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 production ...