Gabriele Sorbara, an analyst from Siebert Williams Shank & Co, reiterated the Buy rating on EOG Resources (EOG – Research Report). The associated price target was lowered to $139.00.
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Gabriele Sorbara has given his Buy rating due to a combination of factors including EOG Resources’ strong first-quarter 2025 performance, which surpassed expectations in production, cash flow, and earnings. The company has also announced a more efficient 2025 plan, which includes a reduction in capital expenditures by 4.8% while maintaining almost the same level of oil production. This strategic move is expected to enhance free cash flow generation and shareholder returns.
Additionally, EOG Resources has made significant acquisitions and discoveries, such as the Eagle Ford bolt-on and the Beryl Oil Discovery in Trinidad, which are likely to contribute positively to its future performance. The company’s commitment to returning nearly 100% of its free cash flow to shareholders through dividends and buybacks further strengthens its investment appeal. With a robust balance sheet and a focus on optimizing operations, EOG Resources is well-positioned for continued outperformance, justifying the Buy rating.
According to TipRanks, Sorbara is a 5-star analyst with an average return of 17.6% and a 51.16% success rate. Sorbara covers the Energy sector, focusing on stocks such as Comstock Resources, Range Resources, and Diamondback.
In another report released on April 22, Susquehanna also maintained a Buy rating on the stock with a $156.00 price target.
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