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EOG Resources beat earnings estimates in Q2, driving institutional interest despite a slight revenue drop.
EOG Resources reported second-quarter earnings of $2.32 per share, beating estimates by $0.18, with revenue of $5.48 billion slightly above expectations.
Despite a 9.1% year-over-year revenue decline, the company's strong performance and low debt-to-equity ratio of 0.12 drew institutional interest, with several firms adjusting ratings and price targets.
The stock, trading at $110.40, has a market cap of $60.28 billion and a consensus "Hold" rating with a target price of $143.14.
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EOG Resources superó las estimaciones de ganancias en el segundo trimestre, impulsando el interés institucional a pesar de una ligera caída de los ingresos.