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EOG Resources - EOG Stock Forecast, Price & News

$112.41
+0.13 (+0.12%)
(As of 08/16/2022 05:26 PM ET)
Add
Compare
Today's Range
$110.14
$114.33
50-Day Range
$95.12
$145.93
52-Week Range
$62.81
$147.99
Volume
3.10 million shs
Average Volume
4.51 million shs
Market Capitalization
$65.88 billion
P/E Ratio
11.53
Dividend Yield
2.67%
Price Target
$141.79

EOG Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
26.1% Upside
$141.79 Price Target
Short Interest
Healthy
0.98% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-8.79
Upright™ Environmental Score
News Sentiment
0.35mentions of EOG Resources in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$883,134 Sold Last Quarter
Proj. Earnings Growth
-1.91%
From $15.73 to $15.43 Per Share

Overall MarketRank

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

3.15 out of 5 stars

Oils/Energy Sector

8th out of 257 stocks

Crude Petroleum & Natural Gas Industry

6th out of 81 stocks

EOG stock logo

About EOG Resources (NYSE:EOG) Stock

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

EOG Resources Trading Down 1.9 %

Shares of EOG Stock opened at $112.28 on Tuesday. EOG Resources has a 1 year low of $62.81 and a 1 year high of $147.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.29. The stock's 50 day simple moving average is $111.76 and its two-hundred day simple moving average is $117.19. The company has a market cap of $65.80 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.23 and a beta of 1.62.

EOG Resources (NYSE:EOG - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.25 by ($1.51). EOG Resources had a net margin of 25.71% and a return on equity of 32.03%. The company had revenue of $7.41 billion for the quarter, compared to analysts' expectations of $5.58 billion. During the same quarter last year, the company earned $1.73 earnings per share. The company's revenue for the quarter was up 79.0% on a year-over-year basis. Research analysts predict that EOG Resources will post 15.73 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a dividend of $1.50 per share. This is a boost from EOG Resources's previous special dividend of $1.00. The ex-dividend date of this dividend is Wednesday, September 14th. EOG Resources's dividend payout ratio is currently 30.77%.

Wall Street Analysts Forecast Growth

EOG has been the subject of several research analyst reports. TD Securities raised EOG Resources from a "hold" rating to a "buy" rating and set a $135.00 price objective for the company in a report on Friday, August 5th. Mizuho cut their price target on EOG Resources from $175.00 to $173.00 and set a "buy" rating for the company in a report on Tuesday, July 19th. Piper Sandler cut their price target on EOG Resources from $164.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, July 22nd. StockNews.com lowered EOG Resources from a "buy" rating to a "hold" rating in a report on Tuesday, June 28th. Finally, MKM Partners reissued a "buy" rating and set a $123.00 price target on shares of EOG Resources in a report on Wednesday, July 20th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.79.

Insider Activity

In other news, EVP Kenneth W. Boedeker sold 1,006 shares of the company's stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $142.32, for a total transaction of $143,173.92. Following the transaction, the executive vice president now owns 16,880 shares of the company's stock, valued at $2,402,361.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Ann D. Janssen sold 1,905 shares of the stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $140.60, for a total value of $267,843.00. Following the transaction, the chief accounting officer now owns 66,980 shares of the company's stock, valued at $9,417,388. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth W. Boedeker sold 1,006 shares of the stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $142.32, for a total value of $143,173.92. Following the completion of the transaction, the executive vice president now directly owns 16,880 shares in the company, valued at approximately $2,402,361.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,395 shares of company stock valued at $883,134. 0.40% of the stock is currently owned by insiders.

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EOG Stock News Headlines

Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce (EOG)
Energy stocks Schlumberger and much-smallerTransocean boast double-digit price gains, part of the energy sector’s leadership. Both gapped higher after earnings.
13 Analysts Have This to Say About EOG Resources
EOG Resources (NYSE:EOG) Stock Rating Upgraded by TD Securities
EOG Resources (EOG) Q2 2022 Earnings Call Transcript
EOG Resources (EOG) Set to Announce Earnings on Thursday
Demand for Frac Sand and Concrete Drives Scarcity
See More Headlines
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EOG Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Last Earnings
8/04/2022
Today
8/16/2022
Ex-Dividend for 9/29 Dividend
9/14/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
26875P10
Employees
2,800
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$141.79
High Stock Price Forecast
$175.00
Low Stock Price Forecast
$82.00
Forecasted Upside/Downside
+26.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
19 Analysts

Profitability

Net Income
$4.66 billion
Pretax Margin
32.92%

Debt

Sales & Book Value

Annual Sales
$18.64 billion
Cash Flow
$14.56 per share
Book Value
$37.91 per share

Miscellaneous

Free Float
583,701,000
Market Cap
$65.88 billion
Optionable
Optionable
Beta
1.62

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EOG Stock - Frequently Asked Questions

Should I buy or sell EOG Resources stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EOG Resources in the last year. There are currently 3 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EOG shares.
View EOG analyst ratings
or view top-rated stocks.

What is EOG Resources' stock price forecast for 2022?

19 brokers have issued 12 month price targets for EOG Resources' stock. Their EOG share price forecasts range from $82.00 to $175.00. On average, they predict the company's stock price to reach $141.79 in the next year. This suggests a possible upside of 26.1% 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 2022?

EOG Resources' stock was trading at $88.83 on January 1st, 2022. Since then, EOG stock has increased by 26.5% and is now trading at $112.41.
View the best growth stocks for 2022 here
.

Are investors shorting EOG Resources?

EOG Resources saw a decrease in short interest in July. As of July 31st, there was short interest totaling 5,710,000 shares, a decrease of 19.2% from the July 15th total of 7,070,000 shares. Based on an average daily trading volume, of 4,490,000 shares, the short-interest ratio is currently 1.3 days. Approximately 1.0% 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 3rd 2022.
View our EOG earnings forecast
.

How were EOG Resources' earnings last quarter?

EOG Resources, Inc. (NYSE:EOG) posted its quarterly earnings data on Thursday, August, 4th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.25 by $1.51. The energy exploration company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $5.58 billion. EOG Resources had a trailing twelve-month return on equity of 32.03% and a net margin of 25.71%. The business's revenue was up 79.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 EPS.
Read the conference call transcript
.

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

EOG Resources declared a special dividend on Thursday, August 4th. Stockholders of record on Thursday, September 15th will be paid a dividend of $1.50 per share on Thursday, September 29th. The ex-dividend date is Wednesday, September 14th. This is an increase from the stock's previous special dividend of $1.00.
Read our dividend analysis for EOG
.

Is EOG Resources a good dividend stock?

EOG Resources (NYSE:EOG) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.67%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EOG will have a dividend payout ratio of 19.44% 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's stock split on the morning of Tuesday, April 1st 2014. The 2-1 split was announced on Monday, February 24th 2014. The newly minted 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 has authorized a stock repurchase program on Thursday, November 4th 2021, which permits the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 9.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management 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 variety of retail and institutional investors. Top institutional shareholders include State Street Corp (6.04%), FMR LLC (3.12%), Price T Rowe Associates Inc. MD (2.63%), Massachusetts Financial Services Co. MA (1.36%), Northern Trust Corp (1.16%) and DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (0.58%). Insiders that own company stock include Ann D Janssen, Charles R Crisp, 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 $112.41.

How much money does EOG Resources make?

EOG Resources (NYSE:EOG) has a market capitalization of $65.88 billion and generates $18.64 billion in revenue each year. The energy exploration company earns $4.66 billion in net income (profit) each year or $9.75 on an earnings per share basis.

How many employees does EOG Resources have?

The company employs 2,800 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
When was EOG Resources founded?

EOG Resources was founded in 1999.

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 8/16/2022 by MarketBeat.com Staff

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