Key Takeaways:
- EOG Resources (EOG, Financial) receives a stock rating upgrade from Scotiabank to "Sector Outperform" with a $130 target price.
- Analyst consensus points to an average price target of $140.49, suggesting significant upside potential.
- GuruFocus projects a 18.61% upside based on GF Value estimates.
EOG Resources (EOG) experienced a noteworthy 2.4% surge following an uplifting rating by Scotiabank, which promoted its stock to "Sector Outperform" with an ambitious $130 price target. This upgrade is attributed to EOG's strong financial footing and strategic asset positioning in the prolific Permian Basin, bolstering its competitiveness among large-cap energy stocks.
Wall Street Analysts Forecast
Analyzing projections from 29 analysts, EOG Resources Inc (EOG, Financial) holds an average one-year price target of $140.49. The estimates range from a high of $161.00 to a low of $114.23, indicating a potential upside of 30.45% from the recent trading price of $107.70. More detailed projections are available on the EOG Resources Inc (EOG) Forecast page.
The consensus from 33 brokerage firms advocates an "Outperform" rating with an average recommendation score of 2.3. This score falls within a scale where 1 represents Strong Buy and 5 signifies a Sell, underscoring confidence in EOG's prospects.
GuruFocus Value Estimation
According to GuruFocus estimates, the anticipated GF Value for EOG Resources Inc (EOG, Financial) over the next year is calculated at $127.74. This suggests an upside potential of 18.61% from the current price of $107.695. The GF Value reflects a fair market value based on historical trading multiples, past growth patterns, and future business forecasts. Additional insights can be found on the EOG Resources Inc (EOG) Summary page.
