EOG Resources, Inc. (NYSE: EOG) is deemed one of the 13 Safest Stocks to Invest in Now due to hedge fund interest and high return on equity. Mizuho reiterates its neutral rating and $133.00 price target on EOG ahead of Q3 results. EOG is expected to outperform market estimates on EBITDAX and cash flow per share.
Investors should watch for updates on Utica/Encino integration, exploration developments, cash returns, and capital spending projections. EOG recently exceeded Q2 forecasts with $5.48 billion in sales and an adjusted EPS of $2.32. The Texas-based energy company focuses on natural gas, natural gas liquids, and crude oil.
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Read more at Yahoo Finance: Mizuho Reiterates Its Neutral Rating and $133.00 Price Target on EOG Resources, Inc. (EOG)
