1 Potential Game-Changing Oil Market Trend From This Quarter You Won't Want to Miss
Earnings season in the oil patch recently ended. Overall, oil companies delivered solid results, with large shale drillers from Devon Energy (NYSE: DVN) to EOG Resources (NYSE: EOG) to Marathon Oil (NYSE: MRO) all beating expectations despite the impact of Hurricane Harvey.
However, what stood out this quarter wasn't how well these companies performed in the current market environment but the notable change in philosophy among the industry's larger drillers. Instead of proclaiming how fast they can grow production, most highlighted their ability to produce returns. It's a shift that could fuel game-changing returns for investors in the coming years.
Image source: Getty Images.
Source: Fool.com
EOG Resources Inc. Stock
€120.64
-1.120%
The stock is an absolute favorite of our community with 52 Buy predictions and no Sell predictions.
With a target price of 134 € there is a slightly positive potential of 11.07% for EOG Resources Inc. compared to the current price of 120.64 €.
