EOG Resources - EOG Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EOG Resources in the last twelve months. There are currently 3 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" EOG shares.
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19 Wall Street research analysts have issued 1 year price targets for EOG Resources' stock. Their EOG share price forecasts range from $82.00 to $180.00. On average, they predict the company's stock price to reach $142.05 in the next twelve months. This suggests a possible upside of 24.1% from the stock's current price.
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EOG Resources' stock was trading at $88.83 on January 1st, 2022. Since then, EOG stock has increased by 28.9% and is now trading at $114.49.
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EOG Resources saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 5,710,000 shares, a drop 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 presently 1.3 days. Approximately 1.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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EOG Resources, Inc. (NYSE:EOG) announced its earnings results on Thursday, August, 4th. The energy exploration company reported $2.74 earnings per share 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 net margin of 25.71% and a trailing twelve-month return on equity of 32.03%. The business's revenue was up 79.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.73 EPS.
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EOG Resources announced a special dividend on Thursday, August 4th. Shareholders of record on Thursday, September 15th will be paid a dividend of $1.50 per share on Thursday, September 29th. The ex-dividend date of this dividend is Wednesday, September 14th. This is a positive change from the stock's previous special dividend of $1.00.
Read our dividend analysis for EOG.

EOG Resources (NYSE:EOG) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.62%. 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.

EOG Resources's stock 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 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.

EOG Resources announced that its board has initiated a stock buyback program on Thursday, November 4th 2021, which authorizes the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 9.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership 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 number of retail and institutional investors. Top institutional investors include FMR LLC (3.12%), Massachusetts Financial Services Co. MA (1.36%), Northern Trust Corp (1.16%), Franklin Resources Inc. (0.56%), Principal Financial Group Inc. (0.53%) and Primecap Management Co. CA (0.51%). 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.
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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 $114.49.

EOG Resources (NYSE:EOG) has a market capitalization of $67.10 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.

The company employs 2,800 workers across the globe.

EOG Resources was founded in 1999.

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.