EOG Resources - EOG Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EOG Resources in the last twelve months. There are currently 4 hold ratings, 16 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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21 brokers have issued 1 year price objectives for EOG Resources' shares. Their EOG share price forecasts range from $122.00 to $172.00. On average, they expect the company's share price to reach $152.45 in the next twelve months. This suggests a possible upside of 44.9% from the stock's current price.
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EOG Resources' stock was trading at $129.52 at the beginning of the year. Since then, EOG stock has decreased by 18.8% and is now trading at $105.19.
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EOG Resources saw a decrease in short interest during the month of February. As of February 15th, there was short interest totaling 6,390,000 shares, a decrease of 7.3% from the January 31st total of 6,890,000 shares. Based on an average trading volume of 3,540,000 shares, the days-to-cover ratio is presently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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EOG Resources, Inc. (NYSE:EOG) issued its quarterly earnings data on Friday, February, 24th. The energy exploration company reported $3.30 EPS for the quarter, missing the consensus estimate of $3.31 by $0.01. The energy exploration company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.09 billion. EOG Resources had a net margin of 30.19% and a trailing twelve-month return on equity of 34.95%. The company's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.09 EPS.
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EOG Resources announced a quarterly dividend on Thursday, February 23rd. Investors of record on Friday, April 14th will be given a dividend of $0.825 per share on Friday, April 28th. This represents a $3.30 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, April 13th.
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), Invesco Dynamic Energy Exploration & Production ETF (PXE), Energy Select Sector SPDR Fund (XLE), Invesco S&P 500 Equal Weight Energy ETF (RYE), iShares U.S. Energy ETF (IYE), Vanguard Energy ETF (VDE) and Strive U.S. Energy ETF (DRLL).

EOG Resources (NYSE:EOG) pays an annual dividend of $3.30 per share and currently has a dividend yield of 3.13%. 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 24.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EOG will have a dividend payout ratio of 25.21% 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 before market open on Tuesday, April 1st 2014. The 2-1 split was announced on Monday, February 24th 2014. The newly issued 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 announced that its board has authorized a share repurchase program on Thursday, November 4th 2021, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 9.4% of its stock through open market purchases. Stock repurchase programs are generally an indication 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 number of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (2.37%), Charles Schwab Investment Management Inc. (2.18%), Geode Capital Management LLC (1.97%), Tejara Capital Ltd (1.37%), Morgan Stanley (1.33%) and Alliancebernstein L.P. (1.00%). 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 $105.19.

EOG Resources (NYSE:EOG) has a market capitalization of $61.82 billion and generates $25.70 billion in revenue each year. The energy exploration company earns $7.76 billion in net income (profit) each year or $13.21 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.