Eog stock price forecast accounts for significant cash reserves
EOG stock price forecast accounts for significant cash reserves, enabling flexibility in drilling program expansion and hedging strategies for commodity volatility. I assume that it's not every year, you will have that. But throughout the cycle, you're always going to have some strategic infrastructure spending, I suppose, so what will be a reasonable add based for the cycle assumption for the strategic infrastructure spending and also that add to overall spending level for the infrastructure on D&C for you guys? Further, the increased capex outlook and cash costs led to a lower-than-expected free cash flow guidance of $4.7 billion compared to the Streetâs expectation of $5.2 billion. EOG Resources generated $5.4 billion in free cash flow last year and returned $5.3 billion, or 98%, to shareholders via dividends and share repurchases. EOG stock offers a dividend yield of 2.93% . EOG stock price forecast has incorporated an expected boost from OPEC+ supply management, which indirectly supports U.S. shale profitability. Analysts see $125–$131 range as realistic in coming weeks.
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