EOG - EOG Resources, Inc.
44.57 +0.23 (0.52%)
After hours: 6:50PM EDT
| Previous close | 47.44 |
| Open | 47.28 |
| Bid | 44.01 x 1100 |
| Ask | 44.57 x 800 |
| Day's range | 44.28 - 47.44 |
| 52-week range | 27.00 - 91.47 |
| Volume | 5,032,745 |
| Avg. volume | 5,109,750 |
| Market cap | 25.808B |
| Beta (5Y monthly) | 1.97 |
| PE ratio (TTM) | 12.21 |
| EPS (TTM) | 3.63 |
| Earnings date | 06 Aug 2020 |
| Forward dividend & yield | 1.50 (3.16%) |
| Ex-dividend date | 16 Jul 2020 |
| 1y target est | 63.80 |
- Motley Fool
3 Top Oil Stocks to Buy Right Now
Crude prices cratered more than 30% during the first half, which doesn't even describe the intense volatility as oil went negative before staging an epic rebound. This slump forced several oil companies to file for bankruptcy protection while putting many more on the brink. Three top oil stocks poised to benefit from this rebound are EOG Resources (NYSE: EOG), Enbridge (NYSE: ENB), and Magellan Midstream Partners (NYSE: MMP), making them top buys right now.
- Motley Fool
Why EOG Resources Stock Tumbled Nearly 40% in the First Half of 2020
Shares of EOG Resources (NYSE: EOG) slumped 39.5% during the first half of 2020, according to data provided by S&P Global Market Intelligence. The main factor weighing on the oil stock was the upheaval in the oil market. Crude oil prices got clobbered during the first half of 2020.
- Zacks
ConocoPhillips to Revive Output, Expects Q2 Profit to Fall Y/Y
ConocoPhillips' (COP) second-quarter 2020 production volumes are expected within 960-980 MBoe/d.
- Zacks
Here's Why ConocoPhillips is Planning to Raise Production
Improving oil prices convince many upstream companies to remove the self-imposed cap and restart well production, says ConocoPhillips (COP).
- Motley Fool
The 3 Safest Oil Dividends Right Now
These companies should have no need to cut their payouts despite the crude oil glut and the low-price environment.
- Zacks
The Zacks Analyst Blog Highlights: EOG Resources, Parsley Energy, Concho Resources, Exxon Mobil and Devon Energy
The Zacks Analyst Blog Highlights: EOG Resources, Parsley Energy, Concho Resources, Exxon Mobil and Devon Energy
- Zacks
3 Offshore Oil Stocks to Buy as OPEC+ Extends Production Cuts
With the supply side showing signs of stabilization, the demand side of the market is needed to play a pivotal role in pushing crude prices above $50 per barrel from the current level of around $40.
- Motley Fool
May's 88% Oil Price Spike Has U.S. Drillers Restarting Their Pumps in June
As crude prices plunged, Parsley Energy (NYSE: PE) pressed regulators in Texas to enact a coordinated production cut to help ease the growing oil storage glut. For example, WPX Energy reaffirmed its plan to exit this year operating six rigs.
- Zacks
Why Is EOG Resources (EOG) Up 22.8% Since Last Earnings Report?
EOG Resources (EOG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks
Oil Price Spurt Makes These 3 Shale Explorers Worth Buying
Recovering crude prices will boost cashflow of exploration and production companies.
- Zacks
The Zacks Analyst Blog Highlights: Diamondback Energy, Cimarex Energy, Pioneer Natural Resources, EOG Resources and Parsley Energy
The Zacks Analyst Blog Highlights: Diamondback Energy, Cimarex Energy, Pioneer Natural Resources, EOG Resources and Parsley Energy
- Zacks
The Zacks Analyst Blog Highlights: Halliburton, Baker Hughes, EOG Resources, Parsley Energy and Pioneer Natural Resources
The Zacks Analyst Blog Highlights: Halliburton, Baker Hughes, EOG Resources, Parsley Energy and Pioneer Natural Resources
- Motley Fool
1 Risk That Oil ETF Investors Need to Watch Closely
Oil prices have been crazy volatile this year. West Texas Intermediate, the primary U.S. oil price benchmark, started 2020 in the mid-$60s. Many oil market watchers believe that crude could have much further to run.
- Zacks
How is Improving Crude Price Triggering Rapid Shale Recovery?
Higher crude oil prices are likely to enable upstream players to lock in higher prices for their commodities.
- Zacks
The Zacks Analyst Blog Highlights: Diamondback Energy, EOG Resources, Pioneer Natural Resources, Valero Energy and HollyFrontier
The Zacks Analyst Blog Highlights: Diamondback Energy, EOG Resources, Pioneer Natural Resources, Valero Energy and HollyFrontier
- Zacks
CXO or EOG: Which Is the Better Value Stock Right Now?
CXO vs. EOG: Which Stock Is the Better Value Option?
- Zacks
New Strong Sell Stocks for May 19th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
- Zacks
The Zacks Analyst Blog Highlights: EOG Resources, Occidental Petroleum, ExxonMobil, Chevron and BP
The Zacks Analyst Blog Highlights: EOG Resources, Occidental Petroleum, ExxonMobil, Chevron and BP
- Simply Wall St.
Downgrade: Here's How Analysts See EOG Resources, Inc. (NYSE:EOG) Performing In The Near Term
One thing we could say about the analysts on EOG Resources, Inc. (NYSE:EOG) - they aren't optimistic, having just made...
- Zacks
U.S. Shale Oil Q1 Earnings Are All In: Here's How They Did
Missed the slew of shale oil earnings? Here's a quick run-through of how some of the bigwigs fared in their first-quarter earnings reports.
- Motley Fool
Why These 3 Beaten-Down Oil Stocks Skyrocketed in April
Shares of hard-hit oil and gas exploration and production companies (E&Ps) Callon Petroleum (NYSE: CPE), Diamondback Energy (NASDAQ: FANG), and EOG Resources (NYSE: EOG) soared in April, according to data provided by S&P Global Market Intelligence. EOG's shares were up 32.3%, Diamondback's shares jumped 66.2%, and Callon's shares rocketed up 71.5% during the month. Year to date, EOG shares are down 38.3%, Diamondback's shares are down 54.4%, and Callon's stock has fallen a jaw-dropping 83.3%.
- Bloomberg
Why Is Anyone Drilling Shale at All These Days?
(Bloomberg Opinion) -- Amid a historic oil crash, frackers are ditching rigs at a rapid pace. The number of operating horizontal rigs stood at 338 on Friday. That’s down more than half since February, though still above the trough in early 2016. So, churlish as it may seem, it must be asked: Why is anyone still drilling shale right now?Speaking on an earnings call a month after petitioning the Texas Railroad Commission to impose supply cuts, Matt Gallagher, CEO of Parsley Energy Inc., summed up the situation facing frackers:Currently, the world does not need more of our product, and we only get one chance to produce this precious resource for our stakeholders.The commission didn’t organize shut-ins of wells. So Parsley, taking its cue from prices instead, is just shutting in some of its own anyway. It has also suspended drilling and completing new wells.The economics of each well — and the companies that own them — differ enormously. But grab an envelope and imagine a well tapping one million barrels of oil equivalent, 75% of it crude oil, the rest natural gas. Benchmark prices: $30 oil and $2.50 gas, translating to, say, $27 and $2 at the wellhead. That implies total revenue from those resources of $23.3 million. Royalties and severance taxes take about $7 million of that; operating expenses and overhead take another $7 million(1). That leaves $9.3 million versus the $9 million spent drilling and completing the well upfront. Factor in time value of money, and that well is seriously underwater.Besides the back-of-crumpled-envelope quality of that calculation, there are other reasons a producer might keep drilling anyway. Rigs are often contracted for months at a time; for example, Helmerich & Payne Inc., a leading provider, reported roughly a third of its U.S. onshore rig fleet operated under fixed-term contracts at the end of March. Contracted pipeline space, too, must be paid for whether or not barrels flow through it. Taking a company’s activity down to zero is also traumatic for workers and, like a shut-in well, makes it harder to eventually crank back up. Hedges, meanwhile, shield against low spot prices and represent oil and gas contracted for delivery.Then again, hedges could be settled for cash; it’s not like anyone is screaming for more of the actual stuff these days. Rig and pipeline contracts can also be renegotiated (an order from the Texas Railroad Commission could have helped on that front, but still). And the difficulty of going into hibernation must be set against the implacable demands of low oil prices.On that note, another rationale for continuing to drill is an expectation of oil and gas prices recovering reasonably soon. Parsley and some other shale operators, such as Diamondback Energy Inc. (which is reducing but not suspending drilling), have indicated they could increase activity again if oil gets back above $30 a barrel (it was trading around $25 Monday morning). Because shale output is very front-loaded, movements in near-term prices matter a lot. For instance, using my basic example above, while the economics don’t work at flat $30 oil, assuming oil rises to $40 in year two and then $50 from year three would generate a low positive return. Those prices actually lag the consensus forecast, which averages $46 for 2021.On the other hand, that consensus stood at $58 only two months ago, so it’s fair to say expectations can change in the middle of an unprecedented oil shock. The current list of unknowns encompasses how quickly people resume something like normality even after lockdowns ease; whether Covid-19 inflicts a second wave; how long the glut of oil inventory building now lasts; and how quickly Saudi Arabia and Russia resume a market-share strategy.The rational thing to do is to wait for higher prices — indeed, conserving barrels, rather than pushing them into a glutted market, is a prerequisite for those higher prices. As EOG Resources Inc. said Friday, oil kept underground is “low-cost storage.”E&P companies carrying more debt (and there are more than a few) may be stuck on the treadmill. Covenants demand cash flow today even if that means destroying value over time. But this is a reminder of why the industry finds itself vulnerable in the first place: managing to production rather than value, and thereby dragging down prices by putting more sub-economic oil onto the market. The Saudi-Russian spat in early March was a warning the market won’t just absorb that from here on. Breaking the existing shale model, and redirecting cash away from wells toward creditors and shareholders, must be one outcome from all this.On that front, it’s worth noting the E&P sector now offers a higher dividend yield than the broader market for only the second time this decade.E&P stocks traded at a premium on yield because they weren’t valued on yield. Unlike the majors and refiners, frackers were owned for growth and a bet on oil prices. That rationale was fraying even before Covid-19, but is especially out of favor now. The yield spread to the market needs to widen, not just to compete against both other oil stocks and other sectors. It would also be a tangible sign of fewer dollars heading into drilling. Like Gallagher said, the world doesn’t need any more of the industry’s “product” right now. That includes investors.(1) Assumes royalties of 25% and severance taxes of 4.6% for oil and 7.5% for natural gas. G&A expenses of $2 per barrel of oil equivalent and $5 of other operating expenses.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Simply Wall St.
EOG Resources, Inc. Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models
It's been a pretty great week for EOG Resources, Inc. (NYSE:EOG) shareholders, with its shares surging 15% to US$51.45...
- Motley Fool
Thinking of Buying USO Stock? Consider These 3 Oil Stocks Instead.
Put simply, investors who want to bet on an oil market rebound should look elsewhere. Three better oil stock options are ConocoPhillips (NYSE: COP), EOG Resources (NYSE: EOG), and Pioneer Natural Resources (NYSE: PXD).
- Motley Fool
EOG Resources Inc (EOG) Q1 2020 Earnings Call Transcript
EOG earnings call for the period ending March 31, 2020.
