EOG Resources - EOG Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EOG Resources in the last twelve months. There are currently 2 hold ratings, 18 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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21 Wall Street research analysts have issued 12 month target prices for EOG Resources' shares. Their EOG share price forecasts range from $130.00 to $179.00. On average, they predict the company's stock price to reach $157.41 in the next twelve months. This suggests a possible upside of 10.9% from the stock's current price.
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EOG Resources' stock was trading at $88.83 at the beginning of 2022. Since then, EOG stock has increased by 59.8% and is now trading at $141.93.
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EOG Resources saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 7,380,000 shares, an increase of 39.8% from the October 31st total of 5,280,000 shares. Based on an average trading volume of 3,620,000 shares, the days-to-cover ratio is presently 2.0 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, Inc. (NYSE:EOG) announced its quarterly earnings results on Thursday, November, 4th. The energy exploration company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.12. The energy exploration company had revenue of $4.77 billion for the quarter, compared to analysts' expectations of $4.35 billion. EOG Resources had a trailing twelve-month return on equity of 35.36% and a net margin of 29.84%. EOG Resources's revenue was up 112.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share.
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EOG Resources announced a quarterly dividend on Tuesday, November 8th. Investors of record on Tuesday, January 17th will be given 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 2.33%. The ex-dividend date is Friday, January 13th. This is an increase from the stock's previous quarterly dividend of $0.75.
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 2.12%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EOG will have a dividend payout ratio of 19.96% 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 the morning of Tuesday, April 1st 2014. The 2-1 split was announced on Monday, February 24th 2014. The newly created shares were issued 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 declared that its Board of Directors has approved a share buyback plan on Thursday, November 4th 2021, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 9.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are 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 investors include Vanguard Group Inc. (9.12%), BlackRock Inc. (7.50%), State Street Corp (5.80%), Price T Rowe Associates Inc. MD (2.51%), Massachusetts Financial Services Co. MA (1.39%) and Bank of New York Mellon Corp (1.19%). 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 $141.93.

EOG Resources (NYSE:EOG) has a market capitalization of $83.37 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.