EOG Resources found using ticker (EOG) now have 30 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 182 and 89 with a mean TP of 148.82. Given that the stocks previous close was at 99.53 this would imply there is a potential upside of 49.5%. The day 50 moving average is 120.91 and the 200 moving average now moves to 107.88. The market capitalisation for the company is $60,692m. Company Website: https://www.eogresources.com
The potential market cap would be $90,748m based on the market concensus.
EOG Resources, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources was incorporated in 1985 and is headquartered in Houston, Texas.
