S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
BREAKING: Tiny biotech successfully treats blindness (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The single greatest medical breakthrough of all time? (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
The single greatest medical breakthrough of all time? (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
BREAKING: Tiny biotech successfully treats blindness (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The single greatest medical breakthrough of all time? (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
The single greatest medical breakthrough of all time? (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
BREAKING: Tiny biotech successfully treats blindness (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The single greatest medical breakthrough of all time? (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
The single greatest medical breakthrough of all time? (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
BREAKING: Tiny biotech successfully treats blindness (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The single greatest medical breakthrough of all time? (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
The single greatest medical breakthrough of all time? (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people

EOG Resources (EOG) Stock Forecast, Price & News

$122.62
+0.03 (+0.02%)
(As of 09/22/2023 ET)
Compare
Today's Range
$121.52
$123.87
50-Day Range
$118.68
$134.66
52-Week Range
$98.52
$150.88
Volume
3.22 million shs
Average Volume
2.53 million shs
Market Capitalization
$71.40 billion
P/E Ratio
8.26
Dividend Yield
2.69%
Price Target
$149.45

EOG Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
21.9% Upside
$149.45 Price Target
Short Interest
Healthy
1.19% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-8.79
Upright™ Environmental Score
News Sentiment
1.07mentions of EOG Resources in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$833,244 Sold Last Quarter
Proj. Earnings Growth
16.16%
From $11.08 to $12.87 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.34 out of 5 stars

Oils/Energy Sector

5th out of 244 stocks

Crude Petroleum & Natural Gas Industry

5th out of 80 stocks


EOG stock logo

About EOG Resources (NYSE:EOG) Stock

EOG Resources, Inc. is a leading independent exploration and production company focusing on the oil and gas industry. Based in Houston, Texas, EOG's mission is to provide energy solutions that power the world while adhering to the highest environmental and safety standards. With its robust portfolio of assets, talented management team, and commitment to technological advancements, EOG Resources has emerged as a key player in the energy sector.

EOG Resources operates in multiple locations across the globe, primarily focusing on North America, including the United States, Canada, and Trinidad. The company's primary products and services revolve around the exploration, development, production, and marketing of crude oil and natural gas. EOG Resources serves a diverse range of customers, including industrial, residential, and commercial sectors, as well as other energy companies.

EOG Resources is committed to minimizing its environmental impact. The company employs advanced drilling techniques and utilizes cutting-edge technologies to maximize production efficiency while reducing emissions and water usage. EOG's sustainability efforts align with its mission to provide reliable energy solutions for a sustainable future.

EOG Resources boasts a highly experienced and accomplished management team led by key executives with industry knowledge and expertise. Ezra Y. Yacob, Chairman and Chief Executive Officer, has driven the company's strategic growth initiatives. With a strong background in geoscience and leadership roles, Mr. Yacob has been with EOG Resources since 2005. He has served in various key positions, including President and Executive Vice President of Exploration and Production.

Lloyd W. "Billy" Helms, Jr., President and Chief Operating Officer, joined EOG Resources in 1995 and has held several significant leadership positions within the company. Mr. Helms has been pivotal in overseeing the company's operations, exploration activities, and production strategies.

Timothy K. Driggers, Executive Vice President and Chief Financial Officer, has been integral to EOG Resources since 1995. Mr. Driggers' financial acumen and expertise have contributed to the company's financial stability and growth.

EOG Resources has consistently demonstrated strong financial performance, with steady revenue growth and healthy profit margins. EOG Resources has successfully navigated market fluctuations and achieved long-term financial stability.

When considering the company's valuation metrics, EOG Resources has been favorably positioned compared to its industry peers. The company's valuation metrics, such as price-to-earnings and price-to-book ratios, have reflected investor confidence in the company's future prospects and financial strength.

With significant price movements and trading volume, EOG Resources' stock performance has been notable. The company's stock has demonstrated resilience, responding to market conditions and reflecting investor sentiment. Recent news and events, including industry trends, regulatory changes, and geopolitical factors, have influenced EOG's share price.

EOG Resources operates in a dynamic and competitive industry highly influenced by global market conditions, regulatory policies, and technological advancements. The company competes with international and domestic players and strives to maintain a competitive edge through its operational excellence, technological innovation, and strong asset portfolio.

EOG Resources is well-positioned to capitalize on growth opportunities in the energy sector. The company continues to explore and develop new reserves, expand its operations and optimize production techniques. EOG's focus on technological advancements, such as utilizing data analytics and artificial intelligence, enhances its capabilities in identifying and extracting hydrocarbon resources efficiently.

Like any company operating in the energy sector, EOG Resources faces various risks and challenges that can impact its operations and financial performance. Investors and stakeholders must be aware of these factors when evaluating the company's prospects.

EOG Resources' revenue and profitability are closely tied to crude oil and natural gas prices. Fluctuations in commodity prices can significantly impact the company's financial results. Factors such as global supply and demand dynamics, geopolitical tensions, and economic conditions can lead to price volatility, posing a risk to EOG's revenue and profitability.

The energy industry is subject to extensive regulations related to drilling, production, emissions, and environmental impact. Regulation changes, especially those aimed at reducing carbon emissions and transitioning to renewable energy sources, can require significant investments and impact the company's operational costs. Non-compliance with regulations could result in penalties and reputational damage.

EOG Resources relies on advanced technologies and innovations to efficiently explore and produce hydrocarbon reserves. However, technological advancements also bring inherent risks, such as data security threats and potential operational disruptions. Additionally, adopting new technologies may require substantial investments and successful implementation to yield desired results.

The energy sector is highly competitive, with numerous players vying for market share. EOG Resources competes with both established energy companies and emerging players. Intense competition can lead to pricing pressures and reduced margins. Moreover, market conditions, such as supply and demand imbalances, can impact the company's ability to sell its products at favorable prices.

EOG Resources operates in a global industry influenced by geopolitical tensions, trade policies, and macroeconomic conditions. Political instability, conflicts, and economic downturns in key markets can disrupt operations, impact demand for energy products and create uncertainty in the business environment.

EOG Resources has implemented various risk management strategies to mitigate the potential impacts of these risks and challenges:

EOG maintains a diverse portfolio of assets across multiple regions, allowing it to mitigate risks associated with specific geographic areas or regulatory environments. This diversification strategy helps spread risk and minimize the impact of localized disruptions.

The company emphasizes operational efficiency, cost discipline, and continuous improvement. By optimizing its operations, EOG aims to enhance productivity, reduce costs and mitigate the effects of commodity price fluctuations.

EOG Resources is committed to responsible environmental practices and sustainability. By proactively managing ecological risks and adopting environmentally friendly technologies, the company aims to mitigate regulatory and reputational risks.

EOG maintains a solid financial position, enabling it to weather market volatility and fund strategic initiatives. The company's prudent financial management and capital allocation strategies provide a cushion against potential economic downturns and industry challenges.

EOG Price History

EOG Stock News Headlines

Citigroup Boosts EOG Resources (NYSE:EOG) Price Target to $144.00
Reverse ‘money machines’ popping up across America
If you’ve been to a concert venue, stadium, or airport, you’ve almost certainly walked by one without knowing. The experts are calling it a 'Reverse ATM' Why are these machines suddenly appearing out of nowhere? And what does it mean for your money?
Calculating The Fair Value Of EOG Resources, Inc. (NYSE:EOG)
Mizuho Boosts EOG Resources (NYSE:EOG) Price Target to $157.00
Mizuho Maintains Buy Rating for EOG Resources: Here's What You Need To Know
BREAKING: The truth about war with China
Foreign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.
Keep an Eye on 3 Oil Explorers as Crude Prices Surge Again
EOG Resources Offers Value Others Can't
EOG Resources (EOG): A Closer Look at Its Market Value
EOG Stock To Go Ex-dividend Tomorrow (EOG)
RBC Capital Remains a Hold on EOG Resources (EOG)
Price Over Earnings Overview: EOG Resources
See More Headlines
Receive EOG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for EOG Resources and its competitors with MarketBeat's FREE daily newsletter.

EOG Company Calendar

Ex-Dividend for 7/31 Dividend
7/14/2023
Dividend Payable
7/31/2023
Last Earnings
8/03/2023
Today
9/24/2023
Ex-Dividend for 10/31 Dividend
10/16/2023
Dividend Payable
10/31/2023
Next Earnings (Confirmed)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
26875P10
Employees
2,850
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$149.45
High Stock Price Forecast
$172.00
Low Stock Price Forecast
$113.00
Forecasted Upside/Downside
+21.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
21 Analysts

Profitability

Net Income
$7.76 billion
Pretax Margin
42.82%

Debt

Sales & Book Value

Annual Sales
$25.70 billion
Cash Flow
$19.78 per share
Book Value
$42.19 per share

Miscellaneous

Free Float
580,514,000
Market Cap
$71.40 billion
Optionable
Optionable
Beta
1.57

Social Links

10 Best Stocks to Own in 2023 Cover

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2023 and why they should be in your portfolio.

Get This Free Report

Key Executives

  • Mr. Ezra Y. YacobMr. Ezra Y. Yacob (Age 46)
    CEO & Chairman
    Comp: $2.99M
  • Mr. Lloyd W. Helms Jr.Mr. Lloyd W. Helms Jr. (Age 65)
    COO & Pres
    Comp: $2.15M
  • Mr. Timothy K. DriggersMr. Timothy K. Driggers (Age 61)
    Exec. VP & CFO
    Comp: $1.94M
  • Mr. Michael P. DonaldsonMr. Michael P. Donaldson (Age 60)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $1.89M
  • Mr. Kenneth W. BoedekerMr. Kenneth W. Boedeker (Age 60)
    Exec. VP of Exploration & Production
    Comp: $1.16M
  • Ms. Ann D. JanssenMs. Ann D. Janssen (Age 58)
    Sr. VP & Chief Accounting Officer
  • Mr. Sandeep Bhakhri
    Sr. VP and Chief Information & Technology Officer
  • Mr. Pearce Wheless Hammond Jr.
    C.F.A., VP of Investor Relations
  • Mr. D. Lance Terveen
    Sr. VP of Marketing
  • Michele L. Hatz
    VP & Chief HR Officer













EOG Stock - Frequently Asked Questions

Should I buy or sell EOG Resources stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EOG Resources in the last twelve months. There are currently 5 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EOG shares.
View EOG analyst ratings
or view top-rated stocks.

What is EOG Resources' stock price forecast for 2023?

21 Wall Street research analysts have issued 12-month target prices for EOG Resources' stock. Their EOG share price forecasts range from $113.00 to $172.00. On average, they predict the company's stock price to reach $149.45 in the next year. This suggests a possible upside of 21.9% from the stock's current price.
View analysts price targets for EOG
or view top-rated stocks among Wall Street analysts.

How have EOG shares performed in 2023?

EOG Resources' stock was trading at $129.52 at the beginning of the year. Since then, EOG stock has decreased by 5.3% and is now trading at $122.62.
View the best growth stocks for 2023 here
.

Are investors shorting EOG Resources?

EOG Resources saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 6,880,000 shares, a drop of 14.3% from the August 15th total of 8,030,000 shares. Based on an average daily trading volume, of 2,950,000 shares, the short-interest ratio is presently 2.3 days. Currently, 1.2% of the company's shares are short sold.
View EOG Resources' Short Interest
.

When is EOG Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our EOG earnings forecast
.

How can I listen to EOG Resources' earnings call?

EOG Resources will be holding an earnings conference call on Friday, November 3rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were EOG Resources' earnings last quarter?

EOG Resources, Inc. (NYSE:EOG) posted its quarterly earnings results on Thursday, August, 3rd. The energy exploration company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.28 by $0.21. The energy exploration company had revenue of $5.57 billion for the quarter, compared to analysts' expectations of $4.74 billion. EOG Resources had a net margin of 33.58% and a trailing twelve-month return on equity of 28.52%. EOG Resources's quarterly revenue was down 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.74 earnings per share.
Read the conference call transcript
.

How often does EOG Resources pay dividends? What is the dividend yield for EOG Resources?

EOG Resources declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Tuesday, October 17th will be given a dividend of $0.825 per share on Tuesday, October 31st. This represents a $3.30 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Monday, October 16th.
Read our dividend analysis for EOG
.

Is EOG Resources a good dividend stock?

EOG Resources (NYSE:EOG) pays an annual dividend of $3.30 per share and currently has a dividend yield of 2.69%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 22.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EOG will have a dividend payout ratio of 25.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EOG.

When did EOG Resources' stock split?

EOG Resources shares split on Tuesday, April 1st 2014. The 2-1 split was announced on Monday, February 24th 2014. The newly issued shares were payable to shareholders after the closing bell on Monday, March 31st 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

How will EOG Resources' stock buyback program work?

EOG Resources declared that its Board of Directors has authorized a stock buyback program on Thursday, November 4th 2021, which allows the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 9.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

What is William R. Thomas' approval rating as EOG Resources' CEO?

57 employees have rated EOG Resources Chief Executive Officer William R. Thomas on Glassdoor.com. William R. Thomas has an approval rating of 97% among the company's employees. This puts William R. Thomas in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of EOG Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other EOG Resources investors own include Intel (INTC), JPMorgan Chase & Co. (JPM), Walt Disney (DIS), Cisco Systems (CSCO), Chevron (CVX), NVIDIA (NVDA), Gilead Sciences (GILD), Boeing (BA), Johnson & Johnson (JNJ) and Alibaba Group (BABA).

What is EOG Resources' stock symbol?

EOG Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "EOG."

Who are EOG Resources' major shareholders?

EOG Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (92.08%), BlackRock Inc. (7.35%), Capital Research Global Investors (5.83%), State Street Corp (5.80%), Capital International Investors (2.37%) and Charles Schwab Investment Management Inc. (2.20%). Insiders that own company stock include Ann D Janssen, Ezra Y Yacob, Jeffrey R Leitzell, Kenneth W Boedeker, Lloyd W Helms Jr, Michael P Donaldson, Michael T Kerr and Timothy K Driggers.
View institutional ownership trends
.

How do I buy shares of EOG Resources?

Shares of EOG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is EOG Resources' stock price today?

One share of EOG stock can currently be purchased for approximately $122.62.

How much money does EOG Resources make?

EOG Resources (NYSE:EOG) has a market capitalization of $71.40 billion and generates $25.70 billion in revenue each year. The energy exploration company earns $7.76 billion in net income (profit) each year or $14.84 on an earnings per share basis.

How many employees does EOG Resources have?

The company employs 2,850 workers across the globe.

Does EOG Resources have any subsidiaries?
The following companies are subsidiares of EOG Resources: EOG Canada Oil & Gas Inc., EOG Expat Services Inc., EOG Resources (Nevis) Block 4 (a) Limited, EOG Resources Block 4(a) Company, EOG Resources China Limited, EOG Resources International Inc., EOG Resources Marketing LLC, EOG Resources Muscat Block 49 SPC, EOG Resources Muscat SPC, EOG Resources Nevis U (b) Block Limited, EOG Resources Nitro2000 Company, EOG Resources Nitro2000 Ltd., EOG Resources Oman Block 49 Limited, EOG Resources Oman Limited, EOG Resources Railyard (North Dakota) Inc., EOG Resources Railyard Inc., EOG Resources Trinidad Block 4(a) Unlimited, EOG Resources Trinidad Limited, EOG Resources Trinidad Nitro Unlimited, EOG Resources Trinidad U(b) Block Unlimited, EOG Resources Trinidad – U(a) Block Limited, EOG Resources U(b) Block Company, EOG – Canada Inc., EOGI China International Ltd., EOGI International Company, EOGI International Inc., EOGI Oman International Block 49 Ltd., EOGI Oman International Ltd., EOGI Trinidad – U(a) Block Company, Energy Search, Galveston LNG, Hawthorn Oil Transportation (North Dakota) Inc., Hawthorn Oil Transportation Inc., Murrott Capital Ltd., Nilo Operating Company, Pecan Pipeline (North Dakota) Inc., Pecan Pipeline Company, and Yates Petroleum.
Read More
How can I contact EOG Resources?

EOG Resources' mailing address is 1111 BAGBY SKY LOBBY 2, HOUSTON TX, 77002. The official website for the company is www.eogresources.com. The energy exploration company can be reached via phone at (713) 651-7000, via email at eog_ir@eogresources.com, or via fax at 713-651-6995.

This page (NYSE:EOG) was last updated on 9/24/2023 by MarketBeat.com Staff

My Account -