Here's Why Hold Strategy is Apt for EOG Resources (EOG) Stock
EOGEOG Resources(EOG) Zacks Investment Research·2024-01-11 23:33

EOG Resources, Inc. (EOG) , a leading exploration and production company, is likely to see earnings growth of almost 7% this year. Factors Working in Favor The price of West Texas Intermediate crude is at more than the $70 per barrel mark again, 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 outlook ...