EOG Resources (EOG) Stock Forecast, Price & News

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EOG Resources in the last twelve months. There are currently 3 hold ratings, 19 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EOG shares.
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23 brokers have issued 1-year price objectives for EOG Resources' shares. Their EOG share price forecasts range from $122.00 to $172.00. On average, they expect the company's stock price to reach $149.38 in the next year. This suggests a possible upside of 30.4% from the stock's current price.
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EOG Resources' stock was trading at $129.52 on January 1st, 2023. Since then, EOG shares have decreased by 11.5% and is now trading at $114.59.
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EOG Resources saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 7,850,000 shares, a decrease of 18.4% from the April 15th total of 9,620,000 shares. Based on an average daily volume of 3,950,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.4% of the shares of the company are short sold.
View EOG Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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EOG Resources, Inc. (NYSE:EOG) posted its quarterly earnings results on Friday, May, 5th. The energy exploration company reported $2.69 earnings per share for the quarter, beating analysts' consensus estimates of $2.42 by $0.27. The energy exploration company earned $6.04 billion during the quarter, compared to the consensus estimate of $5.28 billion. EOG Resources had a net margin of 33.83% and a trailing twelve-month return on equity of 30.34%. EOG Resources's quarterly revenue was up 51.7% compared to the same quarter last year. During the same period in the prior year, the business posted $4.00 EPS.
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EOG Resources declared a quarterly dividend on Thursday, May 4th. Investors of record on Monday, July 17th will be paid a dividend of $0.825 per share on Monday, July 31st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, July 14th.
Read our dividend analysis for EOG.

ETFs with the largest weight of EOG Resources (NYSE:EOG) stock in their portfolio include iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Pacer US Cash Cows Growth ETF (BUL), Qraft AI-Enhanced Next Value ETF (NVQ), Energy Select Sector SPDR Fund (XLE), Invesco S&P 500 Equal Weight Energy ETF (RYE), First Trust Nasdaq Oil & Gas ETF (FTXN), iShares U.S. Energy ETF (IYE) and Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN).

EOG Resources (NYSE:EOG) pays an annual dividend of $3.30 per share and currently has a dividend yield of 2.95%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 20.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EOG will have a dividend payout ratio of 25.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EOG.

EOG Resources shares split on the morning of Tuesday, April 1st 2014. The 2-1 split was announced on Monday, February 24th 2014. The newly minted shares were payable 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.

EOG Resources announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 4th 2021, which authorizes the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 9.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

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.

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).

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

EOG Resources' stock is owned by many different retail and institutional investors. Top institutional shareholders include State Street Corp (6.21%), Wellington Management Group LLP (4.60%), FMR LLC (2.24%), Charles Schwab Investment Management Inc. (2.09%), Geode Capital Management LLC (2.02%) and Price T Rowe Associates Inc. MD (1.61%). Insiders that own company stock include Ann D Janssen, Ezra Y Yacob, Jeffrey R Leitzell, Kenneth W Boedeker, Lloyd W Helms Jr, Michael P Donaldson, Michael T Kerr and Timothy K Driggers.
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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.
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One share of EOG stock can currently be purchased for approximately $114.59.

EOG Resources (NYSE:EOG) has a market capitalization of $67.02 billion and generates $25.70 billion in revenue each year. The energy exploration company earns $7.76 billion in net income (profit) each year or $15.99 on an earnings per share basis.

The company employs 2,850 workers across the globe.

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.