UBS Keeps Buy Rating on EOG Before Q2 2025 Results

EOG Resources, Inc. (NYSE:EOG) is one of the 12 Best American Energy Stocks to Buy Right Now. On July 1, UBS reiterated its Buy rating on EOG Resources, Inc. (NYSE:EOG) with a price target of $140 ahead of the company’s Q2 2025 financial update scheduled for August 8.

UBS analyst Josh Silverstein expects EOG Resources, Inc. (NYSE:EOG) to report Q2 total production at the high end of its guidance. He also expects the company will maintain its full-year 2025 outlook.

The firm is looking forward to hearing about EOG Resources, Inc.’s (NYSE:EOG) plans for returning capital to shareholders. UBS noted that some of the company’s cash balance will be used to pay for the previously announced acquisition of Encino.

The analyst also expects the company to share more details about its Utica operations in the coming quarters, noting that this play is “clearly shifting from emerging to core.”

EOG Resources, Inc. (NYSE:EOG) is one of the largest American crude oil and natural gas exploration and production companies with proven reserves in the United States and Trinidad.

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Disclosure: None. This article is originally published at Insider Monkey.