EOG Resources Inc

EOG Resources Inc Stock Forecast & Price Prediction

Live EOG Resources Inc Stock (EOG) Price
$127.20

35

Ratings

  • Buy 21
  • Hold 14
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$127.20

P/E Ratio

9.42

Volume Traded Today

$3.5M

Dividend

$0.91

52 Week High/low

139.67/108.94

EOG Resources Inc Market Cap

$72.33B

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EOG Summary

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 Analyst Ratings

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.

EOG stock forecast by analyst

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

EOG Company Information

What They Do: Explores and produces crude oil and natural gas.

Business Model: The company operates by exploring, developing, and producing crude oil, natural gas liquids, and natural gas, primarily in the United States and select international markets. EOG Resources generates revenue through the sale of these energy products, capitalizing on market demand and pricing fluctuations.

Other Information: Founded in 1985 and headquartered in Houston, Texas, EOG Resources has a strong presence in key producing basins and has evolved from its origins as Enron Oil & Gas Company. The companyโ€™s diversified operations in domestic and international markets enhance its growth potential and resilience against market volatility.
EOG
EOG Resources Inc (EOG)

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

EOG Resources Inc (EOG) Financial Data

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

$9.87B

Revenue From 2021

$19.67B

99.20 %
From Previous Year

Revenue From 2022

$29.49B

49.94 %
From Previous Year

Revenue From 2023

$23.18B

-21.40 %
From Previous Year
  • Revenue TTM $24.11B
  • Operating Margin TTM 35.4%
  • Gross profit TTM $17.57B
  • Return on assets TTM 13.6%
  • Return on equity TTM 27.1%
  • Profit Margin 31.1%
  • Book Value Per Share 51.22%
  • Market capitalisation $72.33B
  • Revenue for 2021 $19.67B
  • Revenue for 2022 $29.49B
  • Revenue for 2023 $23.18B
  • EPS this year (TTM) $13.50

EOG Resources Inc (EOG) Latest News

News Image

Tue, 05 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

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.

News Image

Thu, 31 Oct 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

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.

News Image

Tue, 29 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

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.

News Image

Mon, 21 Oct 2024

Sentiment - POSITIVE

Source - Seeking Alpha

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.

News Image

Wed, 09 Oct 2024

Sentiment - NEUTRAL

Source - GuruFocus

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.

News Image

Thu, 10 Oct 2024

Sentiment - POSITIVE

Source - Forbes

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.

...

EOG Frequently asked questions

The highest forecasted price for EOG is $162 from at Canaccord Genuity.

The lowest forecasted price for EOG is $115 from from UBS

The EOG analyst ratings consensus are 21 buy ratings, 14 hold ratings, and 0 sell ratings.