What Investors Should Note From IEA's Latest Oil Market Report [Yahoo! Finance]
EOG Resources, Inc. (EOG)
Last eog resources, inc. earnings: 2/27 04:33 pm
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Source: Yahoo! Finance
Supply is increasing, but demand growth is slowing, with projections of a surplus by 2025. The report highlights how economic uncertainties, changing energy preferences, and global events are shaping the market. Despite a cautious tone, the IEA's report suggests that there are key opportunities in oil-focused investments, particularly as demand-supply imbalances create room for strategic gains. Those interested in the sector could benefit from focusing on resilient stocks like EOG Resources EOG, ExxonMobil XOM and Devon Energy DVN. According to the IEA, global oil demand is expected to grow by 920,000 barrels per day (bpd) in 2024 and 990,000 bpd in 2025. This is a noticeable slowdown compared to the strong recovery after the pandemic. A major factor is China, the world's largest oil importer, where demand growth is projected to drop significantly—from 1.4 million bpd in 2023 to just 140,000 bpd in 2024. On the other hand, oil supply is increasing. Countries outside the OPEC+
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EOG
News
- EOG Resources, Inc. (NYSE: EOG) had its price target raised by analysts at Raymond James from $156.00 to $167.00. They now have a "strong-buy" rating on the stock.MarketBeat
- EOG Resources, Inc. (NYSE: EOG) had its price target raised by analysts at Wells Fargo & Company from $135.00 to $147.00. They now have an "equal weight" rating on the stock.MarketBeat
- Here's Why Hold Strategy is Apt for EOG Resources Stock Now [Yahoo! Finance]Yahoo! Finance
- EOG Resources, Inc. (NYSE: EOG) was downgraded by analysts at Piper Sandler from an "overweight" rating to a "neutral" rating. They now have a $149.00 price target on the stock, up previously from $147.00.MarketBeat
- EOG Resources, Inc. (NYSE: EOG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
EOG
Earnings
- 11/7/24 - Beat
EOG
Sec Filings
- 11/21/24 - Form 8-K
- 11/20/24 - Form 424B2
- 11/20/24 - Form 4
- EOG's page on the SEC website