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EOG Resources - EOG Stock Forecast, Price & News

$118.75
-0.24 (-0.20%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$117.35
$119.22
50-Day Range
$95.12
$132.73
52-Week Range
$63.25
$147.99
Volume
3.82 million shs
Average Volume
4.49 million shs
Market Capitalization
$69.59 billion
P/E Ratio
12.18
Dividend Yield
2.52%
Price Target
$141.47

EOG Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
19.1% Upside
$141.47 Price Target
Short Interest
Healthy
0.98% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-8.79
Upright™ Environmental Score
News Sentiment
0.09mentions of EOG Resources in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$883,134 Sold Last Quarter
Proj. Earnings Growth
-2.16%
From $15.71 to $15.37 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.84 out of 5 stars

Oils/Energy Sector

17th out of 251 stocks

Crude Petroleum & Natural Gas Industry

9th out of 79 stocks

EOG stock logo

About EOG Resources (NYSE:EOG) Stock

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.

Analyst Upgrades and Downgrades

EOG has been the subject of several recent research reports. Truist Financial decreased their target price on shares of EOG Resources from $182.00 to $175.00 and set a "buy" rating for the company in a research report on Monday. Susquehanna Bancshares upped their price objective on shares of EOG Resources from $135.00 to $147.00 in a report on Monday, April 25th. Mizuho decreased their price objective on shares of EOG Resources from $173.00 to $167.00 and set a "buy" rating for the company in a report on Thursday. Raymond James raised shares of EOG Resources from an "outperform" rating to a "strong-buy" rating and set a $170.00 price objective for the company in a report on Tuesday, May 10th. Finally, TD Securities raised shares of 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. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.47.

EOG Resources Price Performance

Shares of EOG Stock traded down $0.24 during mid-day trading on Friday, reaching $118.75. The company's stock had a trading volume of 3,824,551 shares, compared to its average volume of 4,493,368. EOG Resources has a 1-year low of $63.25 and a 1-year high of $147.99. The company has a market cap of $69.59 billion, a P/E ratio of 12.20, a PEG ratio of 0.23 and a beta of 1.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.41. The firm's 50-day moving average is $109.98 and its two-hundred day moving average is $117.18.

EOG Resources (NYSE:EOG - Get Rating) last announced 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 business had revenue of $7.41 billion during the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the prior year, the company posted $1.73 EPS. The company's quarterly revenue was up 79.0% compared to the same quarter last year. On average, research analysts predict that EOG Resources will post 15.71 earnings per share for the current year.

EOG Resources Increases Dividend

The company also recently announced a special dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be given a dividend of $1.50 per share. The ex-dividend date is Wednesday, September 14th. This is a boost from EOG Resources's previous special dividend of $1.00. EOG Resources's dividend payout ratio (DPR) is 30.77%.

Insider Buying and Selling

In related news, CFO Timothy K. Driggers sold 3,484 shares of the 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 completion of the sale, the chief financial officer now owns 214,691 shares in the company, valued at approximately $29,092,777.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other EOG Resources news, EVP Kenneth W. Boedeker sold 1,006 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $142.32, for a total transaction of $143,173.92. Following the sale, the executive vice president now owns 16,880 shares of the company's stock, valued at approximately $2,402,361.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Timothy K. Driggers sold 3,484 shares of the stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $135.51, for a total transaction of $472,116.84. Following the sale, the chief financial officer now directly owns 214,691 shares in the company, valued at approximately $29,092,777.41. The disclosure for this sale can be found here. Insiders sold 6,395 shares of company stock worth $883,134 in the last quarter. 0.40% of the stock is owned by corporate insiders.

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EOG Stock News Headlines

Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce (EOG)
Energy stocks Schlumberger and much-smallerTransocean boast double-digit price gains, part of the energy sector’s leadership. Both gapped higher after earnings.
13 Analysts Have This to Say About EOG Resources
EOG Resources (NYSE:EOG) Stock Rating Upgraded by TD Securities
EOG Resources (EOG) Q2 2022 Earnings Call Transcript
EOG Resources (EOG) Set to Announce Earnings on Thursday
See More Headlines
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EOG Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Last Earnings
8/04/2022
Today
8/19/2022
Ex-Dividend for 9/29 Dividend
9/14/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
26875P10
Employees
2,800
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$141.47
High Stock Price Forecast
$175.00
Low Stock Price Forecast
$82.00
Forecasted Upside/Downside
+19.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
19 Analysts

Profitability

Net Income
$4.66 billion
Pretax Margin
32.92%

Debt

Sales & Book Value

Annual Sales
$18.64 billion
Cash Flow
$15.50 per share
Book Value
$38.07 per share

Miscellaneous

Free Float
583,701,000
Market Cap
$69.59 billion
Optionable
Optionable
Beta
1.61

Social Links


Key Executives

  • Mr. Ezra Y. YacobMr. Ezra Y. Yacob (Age 45)
    CEO & Director
    Comp: $2.13M
  • Mr. Lloyd W. Helms Jr.Mr. Lloyd W. Helms Jr. (Age 64)
    COO & Pres
    Comp: $2.1M
  • Mr. Timothy K. DriggersMr. Timothy K. Driggers (Age 60)
    Exec. VP & CFO
    Comp: $1.76M
  • Mr. Michael P. DonaldsonMr. Michael P. Donaldson (Age 59)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $1.79M
  • Mr. Jeffrey R. LeitzellMr. Jeffrey R. Leitzell (Age 42)
    Exec. VP of Exploration & Production
    Comp: $1.2M
  • Ms. Ann D. JanssenMs. Ann D. Janssen (Age 57)
    Sr. VP & Chief Accounting Officer
  • Mr. Sandeep Bhakhri
    Sr. VP and Chief Information & Technology Officer
  • Mr. David J. Streit
    VP of Investor & PR
  • Mr. D. Lance Terveen
    Sr. VP of Marketing
  • Ms. Patricia L. Edwards
    Sr. VP & Chief HR Officer













EOG Stock - Frequently Asked Questions

Should I buy or sell EOG Resources stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EOG Resources in the last year. There are currently 3 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" EOG shares.
View EOG analyst ratings
or view top-rated stocks.

What is EOG Resources' stock price forecast for 2022?

19 Wall Street research analysts have issued 1 year price objectives for EOG Resources' shares. Their EOG share price forecasts range from $82.00 to $175.00. On average, they predict the company's share price to reach $141.47 in the next year. This suggests a possible upside of 19.1% from the stock's current price.
View analysts price targets for EOG
or view top-rated stocks among Wall Street analysts.

How have EOG shares performed in 2022?

EOG Resources' stock was trading at $88.83 at the start of the year. Since then, EOG stock has increased by 33.7% and is now trading at $118.75.
View the best growth stocks for 2022 here
.

Are investors shorting EOG Resources?

EOG Resources saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 5,710,000 shares, a decrease of 19.2% from the July 15th total of 7,070,000 shares. Based on an average trading volume of 4,490,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.0% of the company's shares are short sold.
View EOG Resources' Short Interest
.

When is EOG Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our EOG earnings forecast
.

How were EOG Resources' earnings last quarter?

EOG Resources, Inc. (NYSE:EOG) announced its quarterly earnings results 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. The energy exploration company had revenue of $7.41 billion for the quarter, compared to the consensus estimate of $5.58 billion. EOG Resources had a net margin of 25.71% and a trailing twelve-month return on equity of 32.03%. The firm's quarterly revenue was up 79.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 EPS.
Read the conference call transcript
.

How often does EOG Resources pay dividends? What is the dividend yield for EOG Resources?

EOG Resources announced a special dividend on Thursday, August 4th. Investors of record on Thursday, September 15th will be given a dividend of $1.50 per share on Thursday, September 29th. The ex-dividend date is Wednesday, September 14th. This is an increase from the stock's previous special dividend of $1.00.
Read our dividend analysis for EOG
.

Is EOG Resources a good dividend stock?

EOG Resources (NYSE:EOG) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.52%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EOG will have a dividend payout ratio of 19.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EOG.

When did EOG Resources' stock split?

EOG Resources shares 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 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.

How will EOG Resources' stock buyback program work?

EOG Resources declared that its board has authorized a share buyback 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 repurchase up to 9.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

What is William R. Thomas' approval rating as EOG Resources' CEO?

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.

What other stocks do shareholders of EOG Resources own?

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).

What is EOG Resources' stock symbol?

EOG Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "EOG."

Who are EOG Resources' major shareholders?

EOG Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include State Street Corp (6.04%), FMR LLC (3.12%), Price T Rowe Associates Inc. MD (2.63%), Massachusetts Financial Services Co. MA (1.36%), Northern Trust Corp (1.16%) and DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (0.58%). 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.
View institutional ownership trends
.

How do I buy shares of EOG Resources?

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.
Compare Top Brokerages Here.

What is EOG Resources' stock price today?

One share of EOG stock can currently be purchased for approximately $118.75.

How much money does EOG Resources make?

EOG Resources (NYSE:EOG) has a market capitalization of $69.59 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 $9.75 on an earnings per share basis.

How many employees does EOG Resources have?

The company employs 2,800 workers across the globe.

Does EOG Resources have any subsidiaries?
The following companies are subsidiares of EOG Resources: EOG Canada Oil & Gas Inc., EOG Expat Services Inc., EOG Resources (Nevis) Block 4 (a) Limited, EOG Resources Block 4(a) Company, EOG Resources China Limited, EOG Resources International Inc., EOG Resources Marketing LLC, EOG Resources Muscat Block 49 SPC, EOG Resources Muscat SPC, EOG Resources Nevis U (b) Block Limited, EOG Resources Nitro2000 Company, EOG Resources Nitro2000 Ltd., EOG Resources Oman Block 49 Limited, EOG Resources Oman Limited, EOG Resources Railyard (North Dakota) Inc., EOG Resources Railyard Inc., EOG Resources Trinidad Block 4(a) Unlimited, EOG Resources Trinidad Limited, EOG Resources Trinidad Nitro Unlimited, EOG Resources Trinidad U(b) Block Unlimited, EOG Resources Trinidad – U(a) Block Limited, EOG Resources U(b) Block Company, EOG – Canada Inc., EOGI China International Ltd., EOGI International Company, EOGI International Inc., EOGI Oman International Block 49 Ltd., EOGI Oman International Ltd., EOGI Trinidad – U(a) Block Company, Energy Search, Galveston LNG, Hawthorn Oil Transportation (North Dakota) Inc., Hawthorn Oil Transportation Inc., Murrott Capital Ltd., Nilo Operating Company, Pecan Pipeline (North Dakota) Inc., Pecan Pipeline Company, and Yates Petroleum.
Read More
When was EOG Resources founded?

EOG Resources was founded in 1999.

How can I contact EOG Resources?

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.

This page (NYSE:EOG) was last updated on 8/19/2022 by MarketBeat.com Staff

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