Company of The Day: EOG Resources

+4.57%
Upside
127
Market
133
Trefis
EOG: EOG Resources logo
EOG
EOG Resources

What?

WTI crude oil prices have risen from levels of around $93 per barrel on Monday to over $100 per barrel on Wednesday.

Why?

Relevant Articles
  1. Up 7% This Year, Will EOG’s Gains Continue Following Q1 Results?
  2. Down 13% Since 2023, Will EOG Stock Recoup These Losses After Q4 Results?
  3. What To Expect From EOG’s Q3 After Stock Down 4% This Year?
  4. What To Watch For In EOG’s Stock Past Q2?
  5. What’s Next For EOG Stock?
  6. This Stock Appears To Be A Better Bet Than EOG Resources

China has been easing some Covid-19 restrictions and this could drive oil demand. On the other side, Russia’s war on Ukraine has intensified in recent days and this could put some pressure on the supply side.

So What?

Rising oil prices bode well for upstream players such as EOG Resources (NYSE:EOG). EOG stock remains up 37% year-to-date.

See Our Complete Analysis For EOG Resources

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates