Here's Why Hold Strategy is Apt for EOG Resources Stock Now
EOGEOG Resources(EOG) ZACKS·2024-09-20 21:16

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 EOGThe 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 ...