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eog resources price target lowered to 160 while maintaining buy rating
EOG Resources' stock price target has been reduced from $165 to $160 by UBS, while maintaining a Buy rating. The adjustment follows mixed fourth-quarter 2024 results and disappointing first-quarter 2025 projections, despite the company’s strong financial position and commitment to shareholder returns through buybacks. EOG reported an EPS of $2.74, exceeding expectations, but revenue fell short at $5.6 billion.
ubs lowers eog resources price target but maintains buy recommendation
UBS has lowered its price target for EOG Resources from $165 to $160 while maintaining a buy recommendation, as the company reported mixed Q4 2024 results with earnings per share of $2.74 but revenue of $5.6 billion falling short of expectations. Despite production shortfalls and rising costs, EOG's strong financial position, commitment to shareholder returns, and strategic investments in international expansion are seen as positive indicators for future growth. The company plans to keep its capital expenditure at $6.2 billion for 2025, targeting production growth of 3% for oil and 6% for total production.
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