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 3.2 %
EOG Resources stock traded down $3.64 during mid-day trading on Monday, hitting $110.85. The company's stock had a trading volume of 68,158 shares, compared to its average volume of 4,525,955. 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 has a market cap of $64.96 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 0.23 and a beta of 1.62. The business has a 50 day moving average price of $112.34 and a 200-day moving average price of $117.17. EOG Resources has a 12 month low of $62.81 and a 12 month high of $147.99.
EOG Resources (NYSE:EOG - Get Rating) last posted its quarterly 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 business had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $5.58 billion. EOG Resources had a return on equity of 32.03% and a net margin of 25.71%. The business's revenue for the quarter was up 79.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 earnings per share. As a group, analysts forecast that EOG Resources will post 15.73 EPS for the current year.
EOG Resources Increases Dividend
The company also recently disclosed 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 an increase 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 30.77%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on EOG. Susquehanna lifted their price target on EOG Resources from $135.00 to $147.00 in a research note on Monday, April 25th. Bank of America raised EOG Resources from a "neutral" rating to a "buy" rating and cut their target price for the stock from $146.00 to $119.00 in a research note on Tuesday, July 19th. StockNews.com cut EOG Resources from a "buy" rating to a "hold" rating in a report on Tuesday, June 28th. MKM Partners reissued a "buy" rating and issued a $123.00 price objective on shares of EOG Resources in a research report on Wednesday, July 20th. Finally, Truist Financial decreased their target price on EOG Resources from $182.00 to $175.00 and set a "buy" rating for the company in a research note on Monday. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $141.79.
Insider Activity
In other news, CAO Ann D. Janssen sold 1,905 shares of the company's stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $140.60, for a total transaction of $267,843.00. Following the completion of the transaction, the chief accounting officer now directly 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 is accessible through this hyperlink. In related news, CFO Timothy K. Driggers sold 3,484 shares of the business's stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $135.51, for a total transaction of $472,116.84. Following the transaction, the chief financial officer now owns 214,691 shares in the company, valued at $29,092,777.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Ann D. Janssen sold 1,905 shares of the business's stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $140.60, for a total transaction of $267,843.00. Following the transaction, the chief accounting officer now owns 66,980 shares in the company, valued at approximately $9,417,388. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,395 shares of company stock valued at $883,134. Insiders own 0.40% of the company's stock.