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EOG Resources (EOG) Stock Price, News & Analysis

$135.29
-1.98 (-1.44%)
(As of 04:28 PM ET)
Today's Range
$134.68
$139.67
50-Day Range
$109.65
$137.95
52-Week Range
$106.32
$139.67
Volume
2.65 million shs
Average Volume
3.47 million shs
Market Capitalization
$77.82 billion
P/E Ratio
10.40
Dividend Yield
2.69%
Price Target
$140.76

EOG Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.48 Rating Score
Upside/​Downside
4.0% Upside
$140.76 Price Target
Short Interest
Healthy
1.67% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-8.79
Upright™ Environmental Score
News Sentiment
0.40mentions of EOG Resources in the last 14 days
Based on 35 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.78%
From $11.95 to $12.88 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.94 out of 5 stars

Energy Sector

1st out of 30 stocks

Oil & Gas E&P Industry

1st out of 15 stocks

EOG stock logo

About EOG Resources Stock (NYSE:EOG)

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 Stock Price History

EOG Stock News Headlines

EOG Resources (NYSE:EOG) Reaches New 1-Year High at $136.91
Analysts Predict Price Tag for Gold to TRIPLE
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
EOG Resources (NYSE:EOG) Hits New 12-Month High at $136.91
Barclays Begins Coverage on EOG Resources (NYSE:EOG)
EOG Resources President Helms Retires
Analysts Predict Price Tag for Gold to TRIPLE
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
EOG Resources (NYSE:EOG) PT Lowered to $163.00
EOG Resources President Billy Helms to retire
EOG Resources: Organic Growth At A Discount
EOG Resources (NYSE: EOG)
EOG Mar 2024 130.000 call
Should You Hold EOG Resources (EOG)?
See More Headlines
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Company Calendar

Ex-Dividend for 1/31 Dividend
1/16/2024
Dividend Payable
1/31/2024
Last Earnings
2/23/2024
Today
4/12/2024
Ex-Dividend for 4/30 Dividend
4/15/2024
Dividend Payable
4/30/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
26875P10
Employees
3,050
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$140.76
High Stock Price Target
$163.00
Low Stock Price Target
$113.00
Potential Upside/Downside
+2.5%
Consensus Rating
Hold
Rating Score (0-4)
2.48
Research Coverage
21 Analysts

Profitability

Net Income
$7.59 billion
Pretax Margin
40.06%

Debt

Sales & Book Value

Annual Sales
$24.19 billion
Cash Flow
$17.60 per share
Book Value
$48.17 per share

Miscellaneous

Free Float
573,490,000
Market Cap
$78.96 billion
Optionable
Optionable
Beta
1.40

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Should I Buy EOG Resources Stock? EOG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in EOG Resources, Inc.:

  • EOG Resources has a strong track record of exploring, developing, and producing crude oil and natural gas, providing a stable revenue stream.
  • The company operates primarily in producing basins in the United States, Trinidad and Tobago, and internationally, diversifying its geographical exposure.
  • Recent institutional investments in EOG Resources, such as Allspring Global Investments Holdings LLC increasing its holdings, indicate confidence in the company's future growth potential.
  • EOG Resources' stock performance has shown resilience, with a market cap of $77.93 billion and a PE ratio of 10.45, making it an attractive investment option.
  • The company's current ratio of 2.44 and quick ratio of 2.13 demonstrate strong liquidity positions, reducing financial risk for investors.

Cons

Investors should be bearish about investing in EOG Resources, Inc. for these reasons:

  • The energy sector, where EOG Resources operates, is subject to volatility due to factors like fluctuating oil prices and geopolitical tensions, impacting the company's financial performance.
  • EOG Resources' debt-to-equity ratio of 0.13 indicates a moderate level of debt, which could pose risks in case of economic downturns or adverse market conditions.
  • While the company has a strong presence in the industry, competition from other oil and gas exploration companies could affect EOG Resources' market share and profitability.
  • Investors need to consider the impact of environmental regulations and sustainability concerns on EOG Resources' operations, which could lead to increased compliance costs.
  • Market dynamics and global energy trends may influence EOG Resources' future growth prospects, requiring investors to closely monitor industry developments.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these EOG Resources pros and cons to contact@marketbeat.com.

EOG Stock Analysis - 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 year. There are currently 12 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" EOG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EOG, but not buy additional shares or sell existing shares.
View EOG analyst ratings
or view top-rated stocks.

What is EOG Resources' stock price target for 2024?

21 brokers have issued 1-year price objectives for EOG Resources' stock. Their EOG share price targets range from $113.00 to $163.00. On average, they anticipate the company's stock price to reach $140.76 in the next twelve months. This suggests a possible upside of 4.0% 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 2024?

EOG Resources' stock was trading at $120.95 at the beginning of the year. Since then, EOG stock has increased by 11.9% and is now trading at $135.38.
View the best growth stocks for 2024 here
.

Are investors shorting EOG Resources?

EOG Resources saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 9,460,000 shares, an increase of 24.0% from the February 29th total of 7,630,000 shares. Based on an average daily trading volume, of 3,420,000 shares, the short-interest ratio is presently 2.8 days. Approximately 1.6% of the shares of the company are sold short.
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, May 2nd 2024.
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, May 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) announced its earnings results on Friday, February, 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by $0.07. The energy exploration company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 31.40% and a trailing twelve-month return on equity of 25.38%. The firm's revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.30 EPS.
Read the conference call transcript
.

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

EOG Resources announced a quarterly dividend on Thursday, February 22nd. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.91 per share on Tuesday, April 30th. This represents a $3.64 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Monday, April 15th.
Read our dividend analysis for EOG
.

Is EOG Resources a good dividend stock?

EOG Resources (NYSE:EOG) pays an annual dividend of $3.64 per share and currently has a dividend yield of 2.64%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 27.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EOG will have a dividend payout ratio of 28.26% 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 before market open on Tuesday, April 1st 2014. The 2-1 split was announced on Monday, February 24th 2014. The newly minted shares were distributed to shareholders after the market closes on Monday, March 31st 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

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).

Who are EOG Resources' major shareholders?

EOG Resources' stock is owned by many different retail and institutional investors. Top institutional shareholders include Douglas Lane & Associates LLC (0.09%), Nexus Investment Management ULC (0.04%), Northside Capital Management LLC (0.04%), Rockland Trust Co. (0.04%), Confluence Investment Management LLC (0.03%) and Congress Asset Management Co. MA (0.03%). Insiders that own company stock include Ann D Janssen, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:EOG) was last updated on 4/12/2024 by MarketBeat.com Staff

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