EOG Resources (EOG) Price Target - March

[dan_s]

TipRanks: "In a report released on March 20, Scott Hanold from RBC Capital maintained a Buy rating on EOG Resources (EOG), with a price target of $153.00. The company’s shares closed yesterday at $125.17."

I am still working on my forecast model for EOG, but my valuation will be very close to Scott's.

EOG is expected to produce ~1,125,000 Boepd in 2025 with a mix of approximately 45% crude oil, 32% natural gas and 23% NGLs. Rising natural gas and NGL prices should offset the dip in oil prices, so EOG's 2025 results should be close to their 2024 results. Operating cash flow should exceed $11 billion and free cash flow should exceed $5 billion.

EOG is the largest company in the Sweet 16 and it still has a lot of high-quality running room.