Streetbeat News

EOG

EOG Resources, Inc.

https://www.eogresources.com

Industry

Oil & Gas Exploration & Production

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.

Open

127.20

Mkt cap

72B

Volume

1.8M

High

127.60

P/E Ratio

9.37

52-wk high

139.67

Low

124.87

Div yield

0.05

52-wk low

108.94

EOG Resources (NYSE:EOG) has seen a 12.58% decrease in short interest, with 7.67 million shares sold short, representing 1.32% of available shares. The average time to cover these short positions is 2.88 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. EOG has less short interest compared to its peer group average of 6.42%. Short interest is a key indicator of market sentiment and can influence stock prices.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:45 pm

EOG Resources Inc reported in an SEC filing that it expects a net gain of $298 million from mark-to-market of its financial commodity derivative contracts for Q4 2023. Additionally, the company received $18 million in net cash from settlements of these contracts during the same quarter.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:31 pm

EOG Resources (NYSE:EOG) has delivered an average annual return of 12.12% over the past 20 years, outperforming the market. A $1000 investment in EOG 20 years ago would be worth $9,849.32 today. The company's current market capitalization stands at $67.29 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 7:30 pm

Wall Street analysts have updated their price targets and ratings for several companies. Keybanc reduced EOG Resources' target but maintained an Overweight rating. BMO Capital raised Southern Company's target and upgraded to Outperform. Baird increased Salesforce's target and upgraded to Outperform. Barclays raised Chewy's target and upgraded to Overweight, predicting over 50% rally. Wells Fargo lifted Willis Towers Watson's target and upgraded to Overweight. Deutsche Bank lowered Albemarle's target and downgraded to Hold. Jefferies raised Juniper Networks' target but downgraded to Hold. Goldman Sachs upped Lyft's target but downgraded to Neutral. Keybanc cut Diamondback Energy's target but kept an Overweight rating. Deutsche Bank reduced Lithium Americas' target and downgraded to Hold.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 12:45 pm

Keybanc analyst Tim Rezvan has maintained an Overweight rating on EOG Resources (NYSE:EOG) but has reduced the price target from $157 to $147. This adjustment reflects a more conservative valuation of EOG's stock by Keybanc.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:38 am

Analysts with high accuracy rates have provided updates on three energy stocks with over 3% dividend yields: Phillips 66 (PSX), EOG Resources (EOG), and Valero Energy Corporation (VLO). PSX is in talks to sell non-core assets, EOG indicates U.S. oil and gas production growth may slow, and VLO reported a Q3 revenue decline but still saw a price target increase from one analyst.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 12:35 pm

Energy stocks are trading lower following a drop in oil prices due to Saudi Arabia's decision to reduce February crude oil export prices.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:48 pm

B of A Securities analyst Doug Leggate downgraded EOG Resources (NYSE:EOG) from Buy to Neutral and reduced the price target from $147 to $140.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 2:31 pm

14 financial analysts have recently provided mixed evaluations of EOG Resources (NYSE:EOG), with a range of bullish to indifferent ratings. The average 12-month price target for EOG is now $149.0, down from $154.92, with individual analyst actions including both lowered and raised price targets and ratings. EOG Resources, an oil and gas producer, reported a -19.54% decline in revenue growth as of September 30, 2023, but has strong profitability indicators such as a net margin of 33.21% and ROE of 7.52%. The company's debt-to-equity ratio is also below the industry average, indicating less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:00 pm

Energy company stocks are trading higher due to rising oil prices, which are being driven by uncertainty in the Middle East.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:18 pm

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