Mizuho Securities analyst Nitin Kumar CFA has maintained their bullish stance on EOG stock, giving a Buy rating on February 28.
Nitin Kumar CFA has given his Buy rating due to a combination of factors that highlight EOG Resources’ potential for growth and value. Despite a mixed stock reaction to the recent earnings report, EOG delivered a solid performance with a slight beat on EBITDA expectations. The company announced a 2025 capital plan that aligns with market expectations, which includes a focus on maintaining strong free cash flow (FCF) despite a challenging pricing environment.
Moreover, EOG’s management has indicated a commitment to returning cash to shareholders, with a notable dividend yield and substantial buybacks. The company’s strategic joint venture with BAPCO Energies in Bahrain also presents an opportunity for competitive returns. Although there are some concerns about cash margins due to lower commodity price assumptions and higher operational costs, EOG’s valuation remains attractive relative to peers, supporting the Buy rating.
In another report released on February 28, Roth MKM also maintained a Buy rating on the stock with a $145.00 price target.
EOG’s price has also changed slightly for the past six months – from $128.720 to $126.940, which is a -1.38% drop .