EOG Resources - EOG Stock Forecast, Price & News

21 Wall Street equities research 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 equities research analysts is that investors should "buy" EOG shares.
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21 equities research analysts have issued 1-year price targets for EOG Resources' shares. Their EOG share price forecasts range from $130.00 to $173.00. On average, they anticipate the company's share price to reach $156.14 in the next year. This suggests a possible upside of 18.1% from the stock's current price.
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EOG Resources' stock was trading at $129.52 at the beginning of 2023. Since then, EOG stock has increased by 2.1% and is now trading at $132.25.
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EOG Resources saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 6,450,000 shares, a decline of 18.6% from the December 31st total of 7,920,000 shares. Based on an average daily trading volume, of 3,610,000 shares, the days-to-cover ratio is currently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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EOG Resources will be holding an earnings conference call on Friday, February 24th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

EOG Resources, Inc. (NYSE:EOG) released its quarterly earnings data on Thursday, November, 3rd. The energy exploration company reported $3.71 EPS for the quarter, missing analysts' consensus estimates of $3.75 by $0.04. The energy exploration company had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.19 billion. EOG Resources had a trailing twelve-month return on equity of 35.36% and a net margin of 29.84%.

EOG Resources declared a quarterly dividend on Thursday, November 3rd. Shareholders of record on Tuesday, January 17th will be paid a dividend of $0.825 per share on Tuesday, January 31st. This represents a $3.30 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Friday, January 13th. This is a positive change from the stock's previous quarterly dividend of $0.75.
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EOG Resources (NYSE:EOG) pays an annual dividend of $3.30 per share and currently has a dividend yield of 2.45%. 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 25.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EOG will have a dividend payout ratio of 24.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EOG.

Shares of EOG Resources split on 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 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.

EOG Resources announced that its Board of Directors has initiated a share repurchase program on Thursday, November 4th 2021, which permits the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 9.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

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.

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).

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

EOG Resources' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Yacktman Asset Management LP (0.25%), New York State Common Retirement Fund (0.20%), New York State Teachers Retirement System (0.12%) and Montrusco Bolton Investments Inc. (0.10%). 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.
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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.
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One share of EOG stock can currently be purchased for approximately $132.25.

EOG Resources (NYSE:EOG) has a market capitalization of $77.68 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 $12.73 on an earnings per share basis.

The company employs 2,800 workers across the globe.

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.