Barclays analyst Betty Jiang maintains $EOG Resources (EOG.US)$ with a hold rating, and adjusts the target price from $144 to $137.
According to TipRanks data, the analyst has a success rate of 43.2% and a total average return of -1.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $EOG Resources (EOG.US)$'s main analysts recently are as follows:
Estimates in the integrated oil and exploration and production sector have been adjusted to reflect a decrease in oil price forecasts of $10 per barrel in 2025 and $5 in 2026. Despite the recent sector pullback, the potential for positive outcomes is more prominent, given that company fundamentals and operational momentum are robust.
The analyst adjusted the exploration and production group estimates to mirror the updated commodity price projections and investment outlook. While maintaining long-term oil and gas price expectations at $80 for Brent and $3.50 for Henry Hub, it is suggested that if operational efficiency gains continue and service costs decrease further, exploration and production companies could maintain improved capital efficiency into 2025. This could potentially balance out the effects of resource maturity.
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