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Stock Market & Financial Investment News

News Breaks
February 26, 2014
07:58 EDTEOGEOG Resources price target raised to $208 from $195 at RW Baird
Baird raised its price target on EOG Resources citing high margin oil growth, increasing returns, financial flexibility, and solid strategic execution. Shares are Outperform rated.
News For EOG From The Last 14 Days
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February 27, 2015
07:35 EDTEOGEOG Resources has a conference call hosted by JPMorgan
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February 25, 2015
10:20 EDTEOGEOG Resources call activity attributed to takeover speculation
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10:10 EDTEOGRumor: EOG Resources strength attributed to takeover speculation
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07:09 EDTEOGZaZa Energy updates on East Texas lower cretaceous operations
ZaZa Energy (ZAZA) announced 30-Day production results from its East Texas Colburn #3H horizontal well in Walker County, Texas and the proposal of two new Buda-Rose vertical wells in its vicinity. The Colburn #3H has achieved 24-hour peak production of approximately 808 boe/d, with NGLs, which includes 70 b/d of 53 API oil, 2,860 mcf/d of natural gas, and 262 NGLs b/d. Over the first 30 days of production, average three-stream production for the Colburn #3H was approximately 585 boe/d, consisting of about 250 b/d of liquids and 2,021 mcf/d of natural gas. The Colburn #3H is operated by EOG Resources (EOG), with ZaZa holding a 25% working interest.
February 20, 2015
14:32 EDTEOGEOG Resources price target raised to $113 from $100 at Wunderlich
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09:08 EDTEOGEOG Resources downgraded to Underweight from Equalweight at Capital One
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08:08 EDTEOGEOG Resources downgraded to Neutral from Outperform at Macquarie
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07:21 EDTEOGEOG 2015 oil production guidance likely conservative, says RBC Capital
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06:14 EDTEOGEOG Resources downgraded to Neutral from Buy at UBS
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February 19, 2015
09:59 EDTEOGOn The Fly: Analyst Downgrade Summary
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09:12 EDTEOGOn The Fly: Pre-market Movers
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06:13 EDTEOGEOG Resources downgraded to Neutral from Buy at Citigroup
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February 18, 2015
18:55 EDTEOGOn The Fly: After Hours Movers
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17:15 EDTEOGEOG Resources expects to complete about 45% fewer wells in FY15
EOG's primary goal for 2015 is to position the company to resume long-term growth once crude oil prices recover. The company is not interested in accelerating crude oil production in a low-price environment. Capital expenditures for 2015 are expected to range from $4.9B-$5.1B, including production facilities and midstream expenditures, and excluding acquisitions. This 40 percent reduction compared to 2014 reflects EOG's commitment to capital discipline in a low crude oil price environment. Capital will be allocated primarily to EOG's highest rate-of-return oil assets, the Eagle Ford, Delaware Basin and Bakken plays. To further enhance capital efficiency, EOG plans to utilize rigs under existing commitments and delay a significant number of completions. Delaying completions increases returns, adds substantial net present value and prepares the company to resume strong oil growth when commodity prices recover. Due to reduced capital spending and delayed completions, EOG expects to complete approximately 45% fewer wells in 2015 versus 2014. Therefore, the midpoint for 2015 total company crude oil production guidance is essentially flat year over year. Once again, EOG plans to minimize investment in domestic dry natural gas drilling. As a result, its U.S. natural gas production and total company production are expected to decline modestly. Year after year, EOG has relentlessly focused on advancing its industry-leading completion technology and driving down unit costs through efficiency gains. That will not change in 2015. Finally, the company expects to use its strong balance sheet to capitalize on unique opportunities created by this low-price environment to add high-quality acreage.
17:14 EDTEOGEOG Resources reports Q4 EPS 79c, consensus $1.02
Reports Q4 revenue $4.65B, consensus $4.14B.
15:35 EDTEOGNotable companies reporting after market close
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09:28 EDTEOGEOG Resources volatility increases into Q4 results and outlook
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