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 1.9 %
Shares of EOG Stock opened at $112.28 on Tuesday. EOG Resources has a 1 year low of $62.81 and a 1 year high of $147.99. 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's 50 day simple moving average is $111.76 and its two-hundred day simple moving average is $117.19. The company has a market cap of $65.80 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.23 and a beta of 1.62.
EOG Resources (NYSE:EOG - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.25 by ($1.51). EOG Resources had a net margin of 25.71% and a return on equity of 32.03%. The company had revenue of $7.41 billion for the quarter, compared to analysts' expectations of $5.58 billion. During the same quarter last year, the company earned $1.73 earnings per share. The company's revenue for the quarter was up 79.0% on a year-over-year basis. Research analysts predict that EOG Resources will post 15.73 earnings per share for the current year.
EOG Resources Increases Dividend
The firm also recently announced 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 a boost 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 currently 30.77%.
Wall Street Analysts Forecast Growth
EOG has been the subject of several research analyst reports. TD Securities raised EOG Resources from a "hold" rating to a "buy" rating and set a $135.00 price objective for the company in a report on Friday, August 5th. Mizuho cut their price target on EOG Resources from $175.00 to $173.00 and set a "buy" rating for the company in a report on Tuesday, July 19th. Piper Sandler cut their price target on EOG Resources from $164.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, July 22nd. StockNews.com lowered EOG Resources from a "buy" rating to a "hold" rating in a report on Tuesday, June 28th. Finally, MKM Partners reissued a "buy" rating and set a $123.00 price target on shares of EOG Resources in a report on Wednesday, July 20th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.79.
Insider Activity
In other news, EVP Kenneth W. Boedeker sold 1,006 shares of the company's stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $142.32, for a total transaction of $143,173.92. Following the transaction, the executive vice president now owns 16,880 shares of the company's stock, valued at $2,402,361.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Ann D. Janssen sold 1,905 shares of the stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $140.60, for a total value of $267,843.00. Following the transaction, the chief accounting officer now 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 can be accessed through the SEC website. Also, EVP Kenneth W. Boedeker sold 1,006 shares of the stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $142.32, for a total value of $143,173.92. Following the completion of the transaction, the executive vice president now directly owns 16,880 shares in the company, valued at approximately $2,402,361.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,395 shares of company stock valued at $883,134. 0.40% of the stock is currently owned by insiders.