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 2 hold ratings, 18 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 12 month target prices for EOG Resources' stock. Their EOG share price forecasts range from $130.00 to $175.00. On average, they predict the company's share price to reach $157.14 in the next year. This suggests a possible upside of 11.8% 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 58.2% and is now trading at $140.54.
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EOG Resources saw a increase in short interest during 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 daily volume of 3,620,000 shares, the days-to-cover ratio is currently 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) released its quarterly earnings data on Thursday, November, 4th. The energy exploration company reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.12. The energy exploration company earned $4.77 billion during the quarter, compared to analyst estimates of $4.35 billion. EOG Resources had a net margin of 29.84% and a trailing twelve-month return on equity of 35.36%. The company's revenue for the quarter was up 112.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS.
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EOG Resources declared a quarterly dividend on Tuesday, November 8th. Stockholders 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 dividend yield of 2.35%. The ex-dividend date of this dividend 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 2.11%. 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 20.22% 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 created shares were distributed 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 declared that its Board of Directors has authorized a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans 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 number of retail and institutional investors. Top institutional shareholders 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 $140.54.

EOG Resources (NYSE:EOG) has a market capitalization of $82.55 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.