Shares of EOG Resources Inc. (EOG - Free Report) hit a 52-week high of $92.10 during the trading session on Aug 18. Also, the stock closed the session at $92.10, which reflects a stable return of 32.1% over the past six months. The average trading volume for the last three months aggregated 2,999,501 shares.
As one of the largest U.S. independent oil and gas exploration and production companies, EOG is proactive in its liquids ventures. These efforts are further aided by its deep focus on major oil and liquids rich plays, while holding its core natural gas and Combo acreage in the Barnett, Leonard and Wolfcamp plays for the long term. The improvement on the crude front followed Russia’s plans of meeting OPEC members in October for a possible output cut. This brought a ray of hope for energy players like EOG Resources.
EOG continues to demonstrate solid execution in its key growth assets, in particular the Eagle Ford and Bakken plays. The company’s large portfolio of high-return projects and strong technical competence hold the key to its success over the long term.
Notably, the company’s key skills lie in early identification of prospective areas through its technical expertise at low acreage prices, thus driving organic growth and delivering attractive returns on capital employed.
EOG Resources’ increasing interest in oil is appreciable in a favorable price environment. This will be augmented by its deep focus on major oil and liquids-rich plays. Holding core natural gas and Combo acreage in the Barnett, Leonard and Wolfcamp plays for the long term also bodes well.
For the third quarter and full-year 2016, EOG projects crude oil and condensate volumes in the range of 268.4–280.8 MBbls/d and 269.6–275.8 MBbls/d, respectively. EOG's extensive portfolio of crude oil and liquids-rich resources offer far superior returns than alternative natural gas drilling investments.
EOG currently carries a Zacks Rank #2 (Buy), implying that it will outperform the broader U.S. equity market over the next one to three months.
Stocks to Consider
Some other players worth considering in the energy sector are North Atlantic Drilling Limited , Murphy USA Inc. (MUSA - Free Report) and Devon Energy Corporation (DVN - Free Report) . Each of these players sports a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Shares of EOG Resources Inc. (EOG - Free Report) hit a 52-week high of $92.10 during the trading session on Aug 18. Also, the stock closed the session at $92.10, which reflects a stable return of 32.1% over the past six months. The average trading volume for the last three months aggregated 2,999,501 shares.
As one of the largest U.S. independent oil and gas exploration and production companies, EOG is proactive in its liquids ventures. These efforts are further aided by its deep focus on major oil and liquids rich plays, while holding its core natural gas and Combo acreage in the Barnett, Leonard and Wolfcamp plays for the long term. The improvement on the crude front followed Russia’s plans of meeting OPEC members in October for a possible output cut. This brought a ray of hope for energy players like EOG Resources.
EOG continues to demonstrate solid execution in its key growth assets, in particular the Eagle Ford and Bakken plays. The company’s large portfolio of high-return projects and strong technical competence hold the key to its success over the long term.
Notably, the company’s key skills lie in early identification of prospective areas through its technical expertise at low acreage prices, thus driving organic growth and delivering attractive returns on capital employed.
EOG Resources’ increasing interest in oil is appreciable in a favorable price environment. This will be augmented by its deep focus on major oil and liquids-rich plays. Holding core natural gas and Combo acreage in the Barnett, Leonard and Wolfcamp plays for the long term also bodes well.
For the third quarter and full-year 2016, EOG projects crude oil and condensate volumes in the range of 268.4–280.8 MBbls/d and 269.6–275.8 MBbls/d, respectively. EOG's extensive portfolio of crude oil and liquids-rich resources offer far superior returns than alternative natural gas drilling investments.
EOG currently carries a Zacks Rank #2 (Buy), implying that it will outperform the broader U.S. equity market over the next one to three months.
Stocks to Consider
Some other players worth considering in the energy sector are North Atlantic Drilling Limited , Murphy USA Inc. (MUSA - Free Report) and Devon Energy Corporation (DVN - Free Report) . Each of these players sports a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Get the latest research report on DVN - FREE
Get the latest research report on EOG - FREE
Get the latest research report on MUSA - FREE