Based on ratings from 35 stock analysts, the EOG Resources Inc stock price is expected to increase by 10.72% in 12 months. This is calculated by using the average 12-month stock price forecast for EOG Resources Inc. The lowest target is $115 and the highest is $162. Please note analyst price targets are not guaranteed and could be missed completely.
EOG is a stock in Energy which has been forecasted to be worth $140.83 as an average. On the higher end, the forecast price is $162 USD by from Canaccord Genuity and on the lower end EOG is forecasted to be $115 by from UBS.
These are the latest 20 analyst ratings of EOG.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Tim Rezvan Keybanc | Overweight | $150 | Maintains | Oct 16, 2024 |
Scott Hanold RBC Capital | Sector Perform | $145 | Reiterates | Oct 14, 2024 |
Paul Cheng Scotiabank | Sector Perform | $140 | Maintains | Oct 10, 2024 |
Betty Jiang Barclays | Equal-Weight | $137 | Maintains | Oct 3, 2024 |
Roger Read Wells Fargo | Equal-Weight | $135 | Maintains | Oct 1, 2024 |
Stephen Richardson Evercore ISI Group | Outperform | $145 | Maintains | Sep 30, 2024 |
Neal Dingmann Truist Securities | Hold | $115 | Maintains | Sep 30, 2024 |
Josh Silverstein UBS | Buy | $154 | Maintains | Sep 18, 2024 |
Devin McDermott Morgan Stanley | Equal-Weight | $132 | Maintains | Sep 16, 2024 |
Arun Jayaram JP Morgan | Neutral | $135 | Maintains | Sep 12, 2024 |
Biju Perincheril Susquehanna | Positive | $158 | Maintains | Sep 4, 2024 |
Josh Silverstein UBS | Buy | $167 | Maintains | Aug 20, 2024 |
Mark Lear Piper Sandler | Overweight | $147 | Maintains | Aug 15, 2024 |
Josh Silverstein UBS | Buy | $166 | Maintains | Aug 8, 2024 |
Biju Perincheril Susquehanna | Positive | $159 | Maintains | Aug 5, 2024 |
Neal Dingmann Truist Securities | Hold | $130 | Maintains | Jul 22, 2024 |
Doug Leggate Wolfe Research | Peer Perform | Reinstates | Jul 18, 2024 | |
Bob Brackett Bernstein | Market Perform | $125 | Maintains | Jul 17, 2024 |
Paul Cheng Scotiabank | Sector Perform | $150 | Maintains | Jul 12, 2024 |
Scott Hanold RBC Capital | Sector Perform | $147 | Reiterates | Jul 10, 2024 |
When did it IPO
1989
Staff Count
3,050
Country
United States
Sector/Industry
Energy/Oil & Gas E&P
CEO
Mr. Ezra Y. Yacob
Market Cap
$72.33B
In 2023, EOG generated $23.18B in revenue, which was a decrease of -21.40% from the previous year. This can be seen as a signal that EOG's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - The 4-factor dividend growth portfolio achieved a total return of 33.27% for FY2 ending October 31, 2024, and has a CAGR of 21.57%, outperforming SCHD by 10.30%.
Why It Matters - The strong performance of the 4-factor dividend growth portfolio, with a 33.27% return and a CAGR of 21.57%, suggests a robust investment strategy that could attract more capital and enhance market competition.
Summary - EOG Resources (EOG) may not meet earnings expectations in its upcoming report due to a lack of key performance indicators, suggesting a potential earnings miss.
Why It Matters - EOG's lack of key ingredients for an earnings beat may signal weaker performance, potentially impacting stock prices and investor sentiment.
Summary - EOG Resources, Inc. will present at the BofA Securities Global Energy Conference on October 29, 2024, at 9:40 a.m. Central time.
Why It Matters - EOG Resources' presentation at a major conference could influence investor sentiment, provide insights into their strategy, and impact stock performance based on market reactions.
Summary - The market shows strong earnings growth, low inflation, and solid GDP, encouraging investment in high-yield dividend stocks amid high valuations and hopes for a soft economic landing.
Why It Matters - Robust earnings and low inflation indicate a favorable economic environment, making high-yield dividend stocks appealing for better risk/reward amidst high valuations and potential market volatility.
Summary - EOG Resources, Inc. filed a Form 8-K for Q3 2024, outlining its financial commodity derivative contracts to improve future revenue and cash flow certainty.
Why It Matters - EOG's Form 8-K reveals its strategies for stabilizing future revenues and cash flows, indicating financial health and risk management, which can influence stock performance and investor confidence.
Summary - The excerpt suggests a positive outlook on oil, indicating investor interest in potential gains in the oil market.
Why It Matters - The excerpt signals growing optimism about oil prices, indicating potential investment opportunities and market sentiment shifts that could impact energy stocks.