EOG Resources’ stock has started appreciating with its results approaching. The company had posted outstanding results in the last quarter with the performance exceeding midpoints of the production guidance while operating cost total per unit and capital expenditure beat forecasted targets. EOG had surpassed Wall Street expectations in terms of revenues as well as earnings against the challenging supply chain backdrop. The downhole drilling motor program in its Delaware Basin drilling operation is providing some solid performance improvements generating an increase in footage drilled every motor run. EOG Resources continues to progress its self-sourced stand program. Oilfield service capacity is extremely tight. On the natural gas side, the results of South Texas Dorado’s play, as well as its ability of playing an increasing role to supply the growing demand of the LNG and petrochemicals markets along the Gulf Coast, is quite interesting. EOG Resources expanded its drilling efforts in Utica Oil Window, thus the company returning to Appalachia in a positive signal for activities in the region. The methane monitoring project depicts the progress that the company is making in reducing emission efforts. The leak detection, as well as repair program of the company has also advanced. Among many innovations, iSense is the most efficient solution for the company to use to accelerate and detect leak repairs, also being economic and scalable. We provide the stock of EOG Resources with a ‘Hold’ rating with a revision in the target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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