EOG Resources (EOG) Stock Forecast, Price & News

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EOG Resources in the last twelve months. There are currently 3 hold ratings, 19 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" EOG shares.
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23 analysts have issued 1 year target prices for EOG Resources' stock. Their EOG share price forecasts range from $122.00 to $172.00. On average, they anticipate the company's stock price to reach $149.33 in the next twelve months. This suggests a possible upside of 35.6% from the stock's current price.
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EOG Resources' stock was trading at $129.52 on January 1st, 2023. Since then, EOG shares have decreased by 15.0% and is now trading at $110.12.
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EOG Resources saw a drop in short interest in April. As of April 30th, there was short interest totaling 7,850,000 shares, a drop of 18.4% from the April 15th total of 9,620,000 shares. Based on an average daily volume of 3,950,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our EOG earnings forecast.

EOG Resources, Inc. (NYSE:EOG) posted its earnings results on Friday, May, 5th. The energy exploration company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.27. The energy exploration company earned $6.04 billion during the quarter, compared to the consensus estimate of $5.28 billion. EOG Resources had a trailing twelve-month return on equity of 30.34% and a net margin of 33.83%. The company's revenue was up 51.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.00 earnings per share.
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EOG Resources declared a quarterly dividend on Thursday, May 4th. Investors of record on Monday, July 17th will be paid a dividend of $0.825 per share on Monday, July 31st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Friday, July 14th.
Read our dividend analysis for EOG.

ETFs with the largest weight of EOG Resources (NYSE:EOG) stock in their portfolio include iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Pacer US Cash Cows Growth ETF (BUL), Qraft AI-Enhanced Next Value ETF (NVQ), Energy Select Sector SPDR Fund (XLE), Invesco S&P 500 Equal Weight Energy ETF (RYE), First Trust Nasdaq Oil & Gas ETF (FTXN), iShares U.S. Energy ETF (IYE) and Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN).

EOG Resources (NYSE:EOG) pays an annual dividend of $3.30 per share and currently has a dividend yield of 2.99%. 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 20.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EOG will have a dividend payout ratio of 25.76% 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 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 of Directors has initiated a share buyback plan 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 stock through open market purchases. Stock buyback plans are generally a sign that the company's board 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 institutional and retail investors. Top institutional investors include State Street Corp (6.21%), Wellington Management Group LLP (4.60%), FMR LLC (2.24%), Charles Schwab Investment Management Inc. (2.09%), Geode Capital Management LLC (2.02%) and Ameriprise Financial Inc. (1.89%). 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 $110.12.

EOG Resources (NYSE:EOG) has a market capitalization of $64.40 billion and generates $28.32 billion in revenue each year. The energy exploration company earns $7.76 billion in net income (profit) each year or $15.99 on an earnings per share basis.

The company employs 2,850 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.