in capital expenditures, the company was able to return $1.2 billion to shareholders in the form of dividends and share buybacks.
Analyst Kalei Akamine, in his coverage of EOG, notes the company’s strong operational performance and its commitment to returning capital to shareholders. He writes, “We believe EOG represents a leading large cap oil exposure, with a diversified asset base that provides visibility into a robust growth profile, visibility that is not reflected in the stock… With a growing dividend and a commitment to share buybacks – we see EOG as a compelling value proposition in the large cap space.”
Akamine rates EOG a Buy, and gives the stock a $146 price target. This target indicates his confidence in a 24% upside potential for the next 12 months.
EOG’s Strong Buy consensus rating is based on 19 Buy reviews and 4 Holds. The stock is priced at $117.63, and the average price target of $144.75 suggests an upside of 23% from that level. (See EOG’s stock analysis on TipRanks)
To find good value stocks, it’s important to do your research and evaluate the underlying strengths of the companies you are considering. With the guidance from Bank of America analysts and the consensus of Wall Street experts, investors can gain insight into potential opportunities in the market. Remember, investing always carries risk, so it’s essential to carefully consider your own financial goals and risk tolerance before making any investment decisions.