EOG - EOG Resources, Inc.
84.04 0.00 (0.00%)
After hours: 4:55PM EST
| Previous close | 85.31 |
| Open | 85.10 |
| Bid | 84.09 x 800 |
| Ask | 84.28 x 1100 |
| Day's range | 84.03 - 86.17 |
| 52-week range | 64.33 - 107.89 |
| Volume | 4,189,759 |
| Avg. volume | 4,120,046 |
| Market cap | 48.891B |
| Beta (5Y monthly) | 1.42 |
| PE ratio (TTM) | 16.32 |
| EPS (TTM) | 5.15 |
| Earnings date | 26 Feb 2020 |
| Forward dividend & yield | 1.15 (1.35%) |
| Ex-dividend date | 14 Jan 2020 |
| 1y target est | 101.94 |
- Zacks
Surging Earnings Estimates Signal Upside for EOG Resources (EOG) Stock
EOG Resources (EOG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- Zacks
Is EOG Resources (EOG) Stock Outpacing Its Oils-Energy Peers This Year?
Is (EOG) Outperforming Other Oils-Energy Stocks This Year?
- Zacks
Oil & Gas US E&P Outlook: Bullish Signals Abound
Oil & Gas US E&P; Outlook: Bullish Signals Abound
- Simply Wall St.
Why You Might Be Interested In EOG Resources, Inc. (NYSE:EOG) For Its Upcoming Dividend
It looks like EOG Resources, Inc. (NYSE:EOG) is about to go ex-dividend in the next 3 days. Ex-dividend means that...
- Simply Wall St.
Is There An Opportunity With EOG Resources, Inc.'s (NYSE:EOG) 24% Undervaluation?
Today we will run through one way of estimating the intrinsic value of EOG Resources, Inc. (NYSE:EOG) by projecting...
- Zacks
Sony, Funko, EOG Resources, Diamondback Energy and Chevron highlighted as Zacks Bull and Bear of the Day
Sony, Funko, EOG Resources, Diamondback Energy and Chevron highlighted as Zacks Bull and Bear of the Day
- Zacks
Here's Why You Should Retain EOG Resources in Your Portfolio
Huge inventory of premium drilling wells in the Bakken and Eagle Ford shale plays is set to drive EOG Resources' (EOG) oil production.
- Bloomberg
Harold Hamm Invites Elizabeth Warren on Tour of Shale Heartland
(Bloomberg) -- Billionaire wildcatter Harold Hamm invited Elizabeth Warren to the Oklahoma oil patch as the U.S. Democratic presidential candidate proposes a ban on fracking if elected.In a letter dated Dec. 18, Hamm said he wanted Warren to tour “the economic engine that is our industry” while she visits her home state of Oklahoma for a town hall meeting over the weekend.“Our domestic energy resurgence is making America an energy and economic superpower,” Hamm wrote. “We are keeping hundreds of billions of dollars out of the hands of rogue regimes and corrupt kleptocracies.”A representative for Warren’s campaign didn’t immediately respond to a request for comment. A spokeswoman for Continental Resources Inc., the oil company founded by Hamm, said the Massachusetts senator hasn’t responded.“Mr. Hamm is eagerly awaiting her reply,” Continental spokeswoman Kristin Thomas said in an email.An outright ban on hydraulic fracturing would likely meet strong legal challenges, but several oil and gas producers have already discussed the potential impact with investors.In recent months, independent drillers including Concho Resources Inc., EOG Resources Inc. and Matador Resources Co. have disclosed how much of their total acreage position is on federal lands, which could be the first target of an anti-fracking president.While in office, President Donald Trump has regularly sought out Hamm’s expertise in the energy industry. The two have repeatedly met to promote issues such as crude exports.Hamm, 74, is stepping down as chief executive officer of Continental at the start of the new year to serve as executive chairman.\--With assistance from Ari Natter.To contact the reporter on this story: Rachel Adams-Heard in Houston at radamsheard@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Pratish Narayanan, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
The Zacks Analyst Blog Highlights: Johnson & Johnson, Eli Lilly, PNC Financial, EOG Resources and Archer-Daniels-Midland
The Zacks Analyst Blog Highlights: Johnson & Johnson, Eli Lilly, PNC Financial, EOG Resources and Archer-Daniels-Midland
- Zacks
Top Stock Reports for Johnson & Johnson, Eli Lilly & PNC Financial
Top Stock Reports for Johnson & Johnson, Eli Lilly & PNC Financial
- Simply Wall St.
Is It Worth Buying EOG Resources, Inc. (NYSE:EOG) For Its 1.5% Dividend Yield?
Today we'll take a closer look at EOG Resources, Inc. (NYSE:EOG) from a dividend investor's perspective. Owning a...
- Zacks
Energy Stocks in Spotlight on Sino-US Trade War Truce
Higher oil prices will encourage explorers to produce more of the commodity, while the oilfield service firms are likely to get more contracts from upstream energy players.
- Bloomberg
Saudi Aramco's $2 Trillion Dream Isn't Really About Oil
(Bloomberg Opinion) -- Even now, the figure of $1.71 trillion is surely dramatic enough to fire the odd synapse in our jaded, zero-rate-numbed hive mind. That is the value at which Saudi Aramco will enter the stock market this week.Yet it still isn’t quite enough for some folks — Saudi Arabian royalty specifically. Crown Prince Mohammed bin Salman famously put a value of $2 trillion on Saudi Arabian Oil Co. when he first announced plans to float it, almost four years ago. Speaking on Friday at the end of a contentious OPEC+ gathering, Saudi Energy Minister Prince Abdulaziz bin Salman (the Crown Prince’s half-brother) voiced displeasure at the media’s coverage of the IPO. He went on to say:… We decided to lower the valuation that we were seeking. But on the 11th [of December] the shares will be trading. And a few months from now, I’ll remind — I wouldn’t call them by name — but I think they will probably like to not have written those pieces that they have written. Because we will get Aramco and it will be higher than the two trillion, and I can bet that this will happen.Even the sell side usually gives it 12 months on a price target, but I have to concede Saudi officials have taken to the oil sector’s investor relations style with aplomb. High spirits are understandable, though; how often do you get to float the biggest company ever (not to mention one that also provides more than half your country’s public budget)? Don’t forget the political benefits, either: At this point, $2 trillion feels less like an actual dollar amount and more like a patriotic rallying cry.The energy minister may well soon be crowing to all who put Aramco’s value somewhere below $2 trillion (myself included) that we were wrong. Not that it would really matter. Having been scaled way back from the global offering envisaged originally to a minimal domestic listing, Aramco’s IPO puts the “market” in market value. Average daily trading volume for the entire Tadawul All Share Index over the past year is actually slightly less than that of just one oil major, Exxon Mobil Corp, according to data compiled by Bloomberg.Aramco’s imminent inclusion in emerging-market indices will undoubtedly suck some passive money toward it (a potential headwind for other emerging-market oil champions as well as fellow Tadawul constituents). However, while Aramco’s market cap is far bigger than that of the big five Western majors combined, its implied free float of about $28 billion is less than that of just one U.S. fracker, EOG Resources Inc. Speaking of which, the context of Prince Abdulaziz’s price target is interesting. He had just announced that Saudi Arabia would voluntarily keep another 400,000 barrels a day off the market beyond its new (reduced) supply target. It was this that pulled the OPEC+ meeting back from the brink of failure and halted a sell-off in oil on Friday.Saudi Arabia’s de facto crude-oil production target is now just over 9.74 million barrels a day, which is below its average for the year so far. Based on my math, and assuming $65 Brent, that would net Aramco free cash flow of about $70 billion in 2020, $5 billion shy of its minimum dividend payment(3). Of course, the new batch of minority shareholders wouldn’t suffer; the government has guaranteed their payout. But it re-emphasizes just how pricey Aramco is: A valuation of $2 trillion based on that $70 billion figure would imply a free-cash-flow yield of just 3.5%. That is not only far below what most of Aramco’s peers offer, it’s less than the yield on Aramco’s 30-year bonds. Taking this a step further, when I valued Aramco at just under $1.5 trillion, I assumed (among many other things) average crude oil production of 11 million barrels a day, $65 Brent and a dividend yield of 5.85%. But say production averages something less than that. At 10.5 million barrels a day, my math implies Aramco would need long-term oil prices north of $100 a barrel to justify a $2 trillion valuation. As it stands, the IPO implies a dividend yield of just under 4.4%. At 10.5 million barrels a day, even at that lower yield, a $2 trillion valuation needs $69 a barrel; at 10 million a day, it requires $74.Needless to say, the higher the oil price, the more breathing room for U.S. frackers (among other competitors); Prince Abdulaziz acknowledged as much on Friday. It would also have the opposite effect on demand. All of which matters, especially when an oil company has 60-odd years of reserves to monetize. Hence, even if markedly higher oil prices juiced Aramco’s near-term cash flows, they could also erode its long-term value.So when it comes to the dream of $2 trillion, focus less on oil prices going up and more on keeping those yields down. It’s the mismatch between the cost of capital on offer from global fund managers and the more generous terms provided by local and regional investors that explains Aramco’s valuation. On that basis, beyond scratching some emotional or political itch, it’s tough to say what hitting the magic number would really mean.(1) This assumes the target holds through 2020, although OPEC+ will meet to assess things in March.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis 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/opinion©2019 Bloomberg L.P.
- Zacks
Should You Invest in the iShares U.S. Oil & Gas Exploration & Production ETF (IEO)?
Sector ETF report for IEO
- Zacks
EOG Resources (EOG) Down 5.6% Since Last Earnings Report: Can It Rebound?
EOG Resources (EOG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Oilprice.com
Six Oil Stocks To Survive The Shale Bust
The U.S. shale patch is showing serious signs of financial distress, but a few companies continue to drill profitably for oil & gas in America’s most prolific shale basins
- Zacks
Why Hold Strategy is Apt for EOG Resources (EOG) Stock Now
EOG Resources (EOG) expects a minimum of 30% return from premium drilling locations even if oil price is at a low of $40 per barrel.
- Zacks
The Zacks Analyst Blog Highlights: Pioneer Natural Resources, Diamondback Energy, Callon Petroleum, EOG Resources and ConocoPhillips
The Zacks Analyst Blog Highlights: Pioneer Natural Resources, Diamondback Energy, Callon Petroleum, EOG Resources and ConocoPhillips
- Zacks
US to Become Net Oil Exporter in 2020: Shale Drillers to Gain
Despite the recent signs of moderation in American oil production growth, the country is poised to become energy independent by next year.
- Simply Wall St.
Those Who Purchased EOG Resources (NYSE:EOG) Shares A Year Ago Have A 33% Loss To Show For It
EOG Resources, Inc. (NYSE:EOG) shareholders should be happy to see the share price up 11% in the last month. But in...
- Zacks
U.S. Shale Oil Q3 Earnings: Here's the Roundup of Results
Missed the slew of shale oil earnings? Here's a quick run-through of how some of the bigwigs fared in their third-quarter earnings reports.
- Zacks
Oil & Gas Stock Roundup: EOG & Occidental Report Q3 Earnings
While the commodity pricing scenario continues to be challenging, both EOG Resources (EOG) and Occidental Petroleum (OXY) benefited from higher year-over-year production.
- Oilprice.com
Oil Stuck In Limbo As Trade Talks Fail To Inspire
Trade war optimism sent oil prices up at the start of the week but, with traders now growing skeptical of any progress in the talks between China and the U.S., oil prices are entering a familiar cycle
