Which analyst expects EOG Resources Inc. (EOG) to perform well in the near future?

As of close of business last night, EOG Resources Inc.’s stock clocked out at 118.35, up 0.09% from its previous closing price of $118.24. In other words, the price has increased by $+0.11 from its previous closing price. On the day, 3298855 shares were traded. EOG reached its highest trading level at $121.23 during the session, while it also had its lowest trading level at $118.18.

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To gain a deeper understanding of EOG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.17.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, KeyBanc Capital Markets on September 20, 2022, initiated with a Overweight rating and assigned the stock a target price of $157.

On September 19, 2022, BofA Securities reiterated its Buy rating and also lowered its target price recommendation from $119 to $134.

JP Morgan Upgraded its Neutral to Overweight on September 15, 2022, whereas the target price for the stock was revised from $152 to $156.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 03 when Boedeker Kenneth W. sold 1,006 shares for $142.32 per share. The transaction valued at 143,174 led to the insider holds 16,880 shares of the business.

Janssen Ann D. sold 1,905 shares of EOG for $267,839 on Jun 02. The SVP & Chief Accounting Officer now owns 66,980 shares after completing the transaction at $140.60 per share. On May 27, another insider, DRIGGERS TIMOTHY K, who serves as the EVP & Chief Financial Officer of the company, sold 3,484 shares for $135.51 each. As a result, the insider received 472,121 and left with 214,691 shares of the company.

Valuation Measures:

As of this moment, EOG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.14, and their Forward P/E ratio for the next fiscal year is 7.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.17 while its Price-to-Book (P/B) ratio in mrq is 3.09.

Stock Price History:

Over the past 52 weeks, EOG has reached a high of $144.20, while it has fallen to a 52-week low of $68.69. The 50-Day Moving Average of the stock is 113.91, while the 200-Day Moving Average is calculated to be 113.55.

Shares Statistics:

It appears that EOG traded 3.87M shares on average per day over the past three months and 3.24M shares per day over the past ten days. A total of 586.04M shares are outstanding, with a floating share count of 583.36M. Insiders hold about 0.30% of the company’s shares, while institutions hold 89.60% stake in the company. Shares short for EOG as of Jul 14, 2022 were 7.07M with a Short Ratio of 1.80, compared to 9.88M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.21% and a Short% of Float of 1.21%.

Dividends & Splits

With its trailing 12-month dividend rate of 1.50, EOG has a forward annual dividend rate of 3.00. Against a Trailing Annual Dividend Yield of 1.27%, it implies a Forward Annual Dividend Yield of 2.70%. The stock’s 5-year Average Dividend Yield is 1.59. The current Payout Ratio is 27.20% for EOG, which recently paid a dividend on Sep 28, 2022 with an ex-dividend date of Jul 13, 2022. Stock splits for the company last occurred on Mar 31, 2014 when the company split stock in a 2:1 ratio.

Earnings Estimates

As of right now, 23 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.67 for the current quarter, with a high estimate of $3.71 and a low estimate of $0.68, while EPS last year was $1.73. The consensus estimate for the next quarter is $4.38, with high estimates of $5.72 and low estimates of $3.46.

Analysts are recommending an EPS of between $20.24 and $11.92 for the fiscal current year, implying an average EPS of $16. EPS for the following year is $16.57, with 27 analysts recommending between $23.51 and $11.38.

Revenue Estimates

In the current quarter, 8 analysts expect revenue to total $5.92B. It ranges from a high estimate of $7.85B to a low estimate of $4.38B. As of the current estimate, EOG Resources Inc.’s year-ago sales were $3.98B, an estimated increase of 48.90% from the year-ago figure.

A total of 8 analysts have provided revenue estimates for EOG’s current fiscal year. The highest revenue estimate was $26.91B, while the lowest revenue estimate was $21.05B, resulting in an average revenue estimate of $24.11B. In the same quarter a year ago, actual revenue was $18.64B, up 29.40% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $25.2B in the next fiscal year. The high estimate is $28.61B and the low estimate is $21.41B. The average revenue growth estimate for next year is up 4.50% from the average revenue estimate for this year.