We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights EOG Resources, Matador Resources Company, and Diamondback Energy
Read MoreHide Full Article
For Immediate Release
Chicago, IL – March 26, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: EOG Resources (EOG - Free Report) , Matador Resources Company (MTDR - Free Report) , and Diamondback Energy, Inc. (FANG - Free Report) .
Here are highlights from Monday’s Analyst Blog:
3 Stocks Poised to Benefit From Growing Global Energy Demand
Developing nations, comprising a massive portion of the world’s population, will witness huge energy demand in the years to come. As a result, the crude pricing scenario will continue to be highly favorable for upstream operations, brightening the outlook for EOG Resources, Matador Resources Company, and Diamondback Energy, Inc.
Surging Energy Demand Outpacing Population Growth
Shaikh Nawaf al-Sabah, CEO of Kuwait Petroleum Corporation, believes that through 2050, the demand for energy across the globe will increase faster than the population growth rate. He estimated that by 2050, the global population will jump 25%, which will be lower than the pace of energy demand growth.
Nawaf al-Sabah added that in the developing world, three-quarters of a billion people lack access to electricity, while nearly 2.5 billion people do not have access to clean cooking solutions. Thus, in the coming decades, the energy market will experience significant crude demand, securing an extremely healthy oil pricing scenario.
Oil Stocks to Gain
Considering the backdrop, it would be wise to keep an eye on companies involved in oil and gas exploration and production in the prolific shale resources in the United States. Let’s focus on three such stocks.
EOG Resources holds substantial acreages in prolific oil shale plays such as Permian and Eagle Ford, with numerous untapped premium drilling locations, contributing to an optimistic production outlook. The company has consistently been witnessing a notable decrease in the debt-to-total capitalization ratio at the end of each of the last four reported quarters, reflecting a strong debt reduction strategy.
Matador Resources has a strong presence in the oil-rich core acres of the Wolfcamp and Bone Spring plays in the Delaware Basin. In the sub-basin of the broader Permian, the company has a vast inventory of drilling areas that will back the exploration and production company’s production volumes.
Diamondback Energy, a leading pure-play Permian operator, has reported ongoing enhancements in the average productivity per well in the Midland Basin. Thus, the exploration and production company is likely to continue witnessing increased production volumes. FANG also has an investment-grade balance sheet.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights EOG Resources, Matador Resources Company, and Diamondback Energy
For Immediate Release
Chicago, IL – March 26, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: EOG Resources (EOG - Free Report) , Matador Resources Company (MTDR - Free Report) , and Diamondback Energy, Inc. (FANG - Free Report) .
Here are highlights from Monday’s Analyst Blog:
3 Stocks Poised to Benefit From Growing Global Energy Demand
Developing nations, comprising a massive portion of the world’s population, will witness huge energy demand in the years to come. As a result, the crude pricing scenario will continue to be highly favorable for upstream operations, brightening the outlook for EOG Resources, Matador Resources Company, and Diamondback Energy, Inc.
Surging Energy Demand Outpacing Population Growth
Shaikh Nawaf al-Sabah, CEO of Kuwait Petroleum Corporation, believes that through 2050, the demand for energy across the globe will increase faster than the population growth rate. He estimated that by 2050, the global population will jump 25%, which will be lower than the pace of energy demand growth.
Nawaf al-Sabah added that in the developing world, three-quarters of a billion people lack access to electricity, while nearly 2.5 billion people do not have access to clean cooking solutions. Thus, in the coming decades, the energy market will experience significant crude demand, securing an extremely healthy oil pricing scenario.
Oil Stocks to Gain
Considering the backdrop, it would be wise to keep an eye on companies involved in oil and gas exploration and production in the prolific shale resources in the United States. Let’s focus on three such stocks.
EOG Resources holds substantial acreages in prolific oil shale plays such as Permian and Eagle Ford, with numerous untapped premium drilling locations, contributing to an optimistic production outlook. The company has consistently been witnessing a notable decrease in the debt-to-total capitalization ratio at the end of each of the last four reported quarters, reflecting a strong debt reduction strategy.
Matador Resources has a strong presence in the oil-rich core acres of the Wolfcamp and Bone Spring plays in the Delaware Basin. In the sub-basin of the broader Permian, the company has a vast inventory of drilling areas that will back the exploration and production company’s production volumes.
Diamondback Energy, a leading pure-play Permian operator, has reported ongoing enhancements in the average productivity per well in the Midland Basin. Thus, the exploration and production company is likely to continue witnessing increased production volumes. FANG also has an investment-grade balance sheet.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.