EOG EOG Resources
- 129.860
- -0.080-0.06%
- 129.530
- -0.330-0.25%
EOG Resources News
EOG Resources Stock Outlook: Is Wall Street Bullish or Bearish?
The Iran plane crash didn't spoil the oil market? Industry warns OPEC+ inventory will calm fluctuations
① The unexpected “steadiness” of the oil market on Monday was very different from the performance of the precious metals market, which soared due to news of the Iranian President's helicopter crash; ② On the other hand, Saudi Crown Prince postponed his visit to Japan due to Saudi King Salman's physical factors, and both major oil producers faced significant political risks; ③ Some analysts pointed out that the influence of geopolitics on the oil market has become inelastic, which is related to OPEC+'s large inventories.
Another uncertainty in the oil market: the Saudi king is sick, and the crown prince cancels his trip to Japan
Will the Saudi king's health issues affect the coherence of the country's oil policy?
Hedge fund bulls left the oil market and sold at the fastest speed in over a year!
As geopolitical risk premiums weakened and the market showed signs of sufficient supply, fund managers' long crude oil positions fell the fastest since March 2023 last week.
UBS: OPEC+ is expected to extend the production reduction agreement for at least 3 months, and oil will rise to $91 in June
OPEC+ will hold its next meeting on June 1, and UBS expects that the organization will agree to extend the voluntary production reduction agreement to maintain the balance of the oil market.
Occidental Petroleum, EOG Resources Tilt Lower as Truist Downgrades
Crescent Energy Deal Brings Big Opportunity in Fragmented Eagle Ford, Analyst Says
Crescent Energy To Acquire SilverBow Resources In $2.1B Deal
Crescent Energy Co (NYSE:CRGY) has reached an agreement to acquire SilverBow Resources Inc (NYSE:SBOW) for $2.1 billion. This acquisition comes amid a proxy battle involving SilverBow's largest shareh
3 Energy Stocks to Watch on a Potential Oil Volume Surge in '24
EOG Resources Cut to Hold From Buy by Truist Securities
EOG Resources Cut to Hold From Buy by Truist Securities
Truist Securities: The EOG Resources (EOG.US) rating was downgraded from buy to hold, and the target price was adjusted from $163.00 to $136.00.
Truist Securities: The EOG Resources (EOG.US) rating was downgraded from buy to hold, and the target price was adjusted from $163.00 to $136.00.
Maintaining Hold on EOG Resources: Balancing Operational Strength With Strategic Caution
Truist Downgrades EOG Resources to Hold From Buy on Valuation, Adjusts Price Target to $136 From $163
EOG Resources (EOG) has an average outperform rating and a price target range of $120 to $169, according to analysts polled by Capital IQ. Price: 128.48, Change: -0.61, Percent Change: -0.47
The trigger for the decline in the oil market? Diesel weakness has become a new focus!
Energy economists say the weakness of diesel is becoming more structural due to the increasing role of renewable diesel.
[Crude oil market closing] Inflation data strengthens expectations for the Fed to cut interest rates. The Canadian wildfires caused a supply crisis, and the rebound in oil prices responded
The market balance is bullish with the US economy and crude oil storage data and the International Energy Agency's forecast of a weak global economy, leading to an increase in oil demand. Meanwhile, a fire broke out in the major Canadian oil town, causing the market to worry about crude oil supply. Oil prices rose nearly 1% from a two-month low on the previous trading day.
Capital One Adjusts Price Target on EOG Resources to $145 From $139
EOG Resources (EOG) has an average rating of outperform and price targets ranging from $120 to $169, according to analysts polled by Capital IQ. Price: 128.50, Change: -0.93, Percent Change: -0.72
Energy consulting firm Rystad Energy: Gasoline demand will reach a new high since 2019 this summer
Energy consulting firm Rystad Energy said that despite recent signs of market weakness, global demand for gasoline will remain strong this summer, and consumption is expected to reach the highest level before the pandemic.
The IEA lowered its 2024 oil demand growth forecast to only half of what OPEC expected!
The International Energy Agency (IEA) lowered its forecast for oil demand growth in 2024 on Wednesday (May 14), further widening the agency's differences of opinion with the Organization of Petroleum Exporting Countries OPEC (OPEC) on the outlook for global oil demand this year.
The IEA “sings the opposite” with most of its peers: global oil demand growth is expected to continue to weaken!
The Paris-based International Energy Agency (IEA) released its latest monthly crude oil market report on Wednesday. The agency said that due to the economic slowdown and mild European weather, the outlook for global oil demand growth continues to weaken this year.
Insider Sale: EVP & COO Jeffrey Leitzell Sells 7,802 Shares of EOG Resources Inc (EOG)
Analysis
Price Target
No Data
