EOG Stock Overview
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids.
EOG Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$109.12|
|52 Week High||US$147.99|
|52 Week Low||US$79.91|
|1 Month Change||-12.86%|
|3 Month Change||-1.33%|
|1 Year Change||39.72%|
|3 Year Change||45.53%|
|5 Year Change||12.80%|
|Change since IPO||3,481.37%|
Recent News & Updates
Shareholders Would Enjoy A Repeat Of EOG Resources' (NYSE:EOG) Recent Growth In Returns
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
EOG Resources: Don't Bet On It Going Much Higher - Sell And Cut Exposure
Summary EOG recovered remarkably from its July lows, even though WTI crude continues to struggle for upward momentum. However, we surmise that EOG's buying upside has likely stalled in August. OPEC+ hawkish commentary and a minor production cut did not lift buying sentiments. Moreover, even the indefinite shutdown of gas flows from Russia did not spur further buying upside. Despite the tight supply dynamics, we posit that the market has been adjusting its expectations for the impending recession. Therefore, EOG could face headwinds to sustain its bullish bias. We discuss why we think it's appropriate for investors to consider cutting exposure. We rate EOG as a Sell. Thesis EOG Resources, Inc. (EOG) stock recovered remarkably from its July lows before it met stiff resistance at its August highs. Our analysis suggests that it would be challenging for EOG to revisit its June highs as WTI crude (CL1:COM) continues to struggle for momentum as it nears its August lows. Therefore, we surmise that EOG leveraged the momentum surge in Henry Hub natural gas (NG1:COM) prices in July. However, the buying momentum in natural gas futures has stalled since August, despite Russia shutting down the gas pipeline to Europe "indefinitely." Therefore, we deduce that the price action in natural gas futures corroborates our thesis of a steeper fall ahead, which could impact the upward momentum of EOG further. Furthermore, EOG's underlying metrics suggest that its growth could normalize moving ahead, as it laps challenging comps from FY22. Therefore, we postulate that the buying upside in EOG could face significant headwinds as the market parses the impact of demand destruction, counteracted by the tight supply/demand dynamics in the underlying market. Therefore, we deduce the reward-to-risk profile seems skewed toward the downside moving forward. Given the significant run-up for EOG over the past year, we think it's appropriate for investors to capitalize on its recent rally to cut exposure and start layering out. Accordingly, we rate EOG as a Sell. OPEC+ Hawkish Commentary And Russia's Suspension Of Gas Flows Didn't Spook The Market The recent hawkish commentary by OPEC+ led to a nominal production cut of 100K barrels per day from next month. However, neither the hawkish commentary nor its production cut was followed through decisively in the market, as WTI remains well entrenched close to its August lows. Therefore, we surmise that the market remains concerned about the potential for demand destruction, given increased recessionary fears, leading to a further fall in energy prices. WTI crude futures price chart (weekly) (TradingView) As seen above, WTI crude has attempted to form a sustained bottom predicated on the $85 support zone since it gave up all its gains from the start of the Russia-Ukraine conflict. At the same time, we observed a bear trap (indicating the market denied further selling downside decisively) in mid-August. However, buying momentum has yet to return to the market to lift WTI crude from its critical support zone. While still early, a decisive breach below its current support zone could portend a steeper fall. Russia has also refused to resume its Nord Stream gas flows following maintenance checks. Putin is seeking the relief of western sanctions imposed on Russia as he pulls another lever, heading into winter. Natural gas futures price chart (weekly) (TradingView) While Henry Hub futures saw an initial rally, the momentum failed to follow through. As seen above, NG1 has continued to see intense selling pressure at its long-term resistance as further buying upside continues to fail. Therefore, we deduce that the market has been satisfied with Europe's ability to build up its gas reserves ahead of schedule and expect the potential demand destruction from the looming recession to ease up the natural gas market. We are confident that NG1 has significant potential to fall further, given the price structure and its previous rapid run-up. The market drew overly-optimistic momentum buyers astutely into its long-term resistance. EOG's Growth Momentum Could Slow Further EOG highlighted in its Q2 earnings release that it would be hedging less than its regular cadence. Therefore, it appears that management is confident of the underlying markets sustaining their bullish bias, as CEO Ezra Yacob accentuated: "Going forward, we expect to hedge significantly less than the 20% to 30% of volumes we typically hedge in prior years." EOG average price for crude and condensate change % (Company filings) However, investors should note that the WTI crude has fallen well below the benchmark price that EOG registered in Q1'22 ($94.38) and Q2'22 ($108.42). Therefore, we believe that EOG would be unable to sustain the growth momentum for its average price, and its growth could start to trend down from Q3. As a result, we expect the headwinds in the underlying market to pressure further buying momentum in EOG's upward bias.
Should You Be Adding EOG Resources (NYSE:EOG) To Your Watchlist Today?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
|EOG||US Oil and Gas||US Market|
Return vs Industry: EOG exceeded the US Oil and Gas industry which returned 36.4% over the past year.
Return vs Market: EOG exceeded the US Market which returned -23.1% over the past year.
|EOG Average Weekly Movement||6.6%|
|Oil and Gas Industry Average Movement||8.0%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: EOG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: EOG's weekly volatility (7%) has been stable over the past year.
About the Company
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.
EOG Resources Fundamentals Summary
|EOG fundamental statistics|
Is EOG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|EOG income statement (TTM)|
|Cost of Revenue||US$8.51b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 04, 2022
|Earnings per share (EPS)||9.74|
|Net Profit Margin||21.41%|
How did EOG perform over the long term?See historical performance and comparison
2.7%Current Dividend Yield
Is EOG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for EOG?
Other financial metrics that can be useful for relative valuation.
|What is EOG's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does EOG's PE Ratio compare to its peers?
|EOG PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
PXD Pioneer Natural Resources
DVN Devon Energy
EOG EOG Resources
Price-To-Earnings vs Peers: EOG is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (11.3x).
Price to Earnings Ratio vs Industry
How does EOG's PE Ratio compare vs other companies in the US Oil and Gas Industry?
Price-To-Earnings vs Industry: EOG is expensive based on its Price-To-Earnings Ratio (11.2x) compared to the US Oil and Gas industry average (8.2x)
Price to Earnings Ratio vs Fair Ratio
What is EOG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||11.2x|
|Fair PE Ratio||16x|
Price-To-Earnings vs Fair Ratio: EOG is good value based on its Price-To-Earnings Ratio (11.2x) compared to the estimated Fair Price-To-Earnings Ratio (16x).
Share Price vs Fair Value
What is the Fair Price of EOG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: EOG ($109.12) is trading above our estimate of fair value ($84.34)
Significantly Below Fair Value: EOG is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is EOG Resources forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EOG's earnings are forecast to decline over the next 3 years (-8% per year).
Earnings vs Market: EOG's earnings are forecast to decline over the next 3 years (-8% per year).
High Growth Earnings: EOG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: EOG's revenue is expected to decline over the next 3 years (-5.5% per year).
High Growth Revenue: EOG's revenue is forecast to decline over the next 3 years (-5.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EOG's Return on Equity is forecast to be low in 3 years time (16.8%).
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How has EOG Resources performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EOG has high quality earnings.
Growing Profit Margin: EOG's current net profit margins (21.4%) are higher than last year (13.6%).
Past Earnings Growth Analysis
Earnings Trend: EOG has become profitable over the past 5 years, growing earnings by 8.8% per year.
Accelerating Growth: EOG's earnings growth over the past year (203.8%) exceeds its 5-year average (8.8% per year).
Earnings vs Industry: EOG earnings growth over the past year (203.8%) exceeded the Oil and Gas industry 184.6%.
Return on Equity
High ROE: EOG's Return on Equity (25.6%) is considered high.
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How is EOG Resources's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: EOG's short term assets ($8.2B) exceed its short term liabilities ($5.8B).
Long Term Liabilities: EOG's short term assets ($8.2B) do not cover its long term liabilities ($10.1B).
Debt to Equity History and Analysis
Debt Level: EOG's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: EOG's debt to equity ratio has reduced from 49.3% to 22.8% over the past 5 years.
Debt Coverage: EOG's debt is well covered by operating cash flow (161.8%).
Interest Coverage: EOG's interest payments on its debt are well covered by EBIT (41.4x coverage).
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What is EOG Resources's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EOG's dividend (2.75%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: EOG's dividend (2.75%) is low compared to the top 25% of dividend payers in the US market (4.57%).
Stability and Growth of Payments
Stable Dividend: EOG's dividends per share have been stable in the past 10 years.
Growing Dividend: EOG's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.1%), EOG's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (45.1%), EOG's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ezra Yacob (45 yo)
Mr. Ezra Y. Yacob serves as Chief Executive Officer and Director at EOG Resources, Inc. since October 01, 2021. He served as President at EOG Resources, Inc. since January 4, 2021 until September 2021. Mr....
CEO Compensation Analysis
Compensation vs Market: Ezra's total compensation ($USD9.75M) is about average for companies of similar size in the US market ($USD13.05M).
Compensation vs Earnings: Ezra's compensation has increased by more than 20% in the past year.
Experienced Management: EOG's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: EOG's board of directors are considered experienced (7.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|21 Mar 22||SellUS$251,238||Ann Janssen||Individual||2,060||US$121.96|
|21 Mar 22||SellUS$424,470||Jeffrey Leitzell||Individual||3,495||US$121.45|
|03 Mar 22||SellUS$1,081,326||Michael Donaldson||Individual||9,231||US$117.14|
|28 Feb 22||SellUS$637,753||Kenneth Boedeker||Individual||5,550||US$114.97|
|26 Nov 21||BuyUS$4,300,000||Michael Kerr||Individual||50,000||US$86.00|
|12 Nov 21||SellUS$1,097,845||Michael Donaldson||Individual||11,540||US$95.13|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
EOG Resources, Inc.'s employee growth, exchange listings and data sources
- Name: EOG Resources, Inc.
- Ticker: EOG
- Exchange: NYSE
- Founded: 1985
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: US$63.949b
- Shares outstanding: 586.04m
- Website: https://www.eogresources.com
Number of Employees
- EOG Resources, Inc.
- 1111 Bagby Street
- Sky Lobby 2
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EOG||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 1989|
|EO5||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 1989|
|EO5||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Oct 1989|
|EOG *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Oct 1989|
|0IDR||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Oct 1989|
|EO5||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Oct 1989|
|EOGR||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Oct 1989|
|E1OG34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM USD0.01||BR||BRL||Dec 2019|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/24 00:00|
|End of Day Share Price||2022/09/23 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.