14 analysts have shared their evaluations of EOG Resources EOG during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 4 | 4 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 2 | 0 | 0 |
| 2M Ago | 3 | 3 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 2 | 0 | 0 |
Analysts have set 12-month price targets for EOG Resources, revealing an average target of $149.0, a high estimate of $169.00, and a low estimate of $134.00. A 3.82% drop is evident in the current average compared to the previous average price target of $154.92.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of EOG Resources by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Nitin Kumar | Mizuho | Lowers | Buy | $138.00 | $150.00 |
| John Freeman | Raymond James | Lowers | Strong Buy | $148.00 | $154.00 |
| Josh Silverstein | UBS | Lowers | Buy | $145.00 | $165.00 |
| Devin McDermott | Morgan Stanley | Announces | Equal-Weight | $134.00 | - |
| Arun Jayaram | JP Morgan | Lowers | Neutral | $150.00 | $156.00 |
| Derrick Whitfield | Stifel | Raises | Buy | $165.00 | $161.00 |
| Devin McDermott | Morgan Stanley | Raises | Overweight | $134.00 | $132.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $150.00 | $152.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $158.00 | $157.00 |
| Vincent Lovaglio | Mizuho | Lowers | Buy | $150.00 | $158.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $169.00 | $165.00 |
| Scott Gruber | Citigroup | Lowers | Neutral | $135.00 | $144.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $164.00 | $165.00 |
| Bob Brackett | Bernstein | Lowers | Market Perform | $146.00 | $155.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to EOG Resources. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of EOG Resources compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of EOG Resources's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of EOG Resources's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on EOG Resources analyst ratings.
Unveiling the Story Behind EOG Resources
EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2022, it reported net proved reserves of 4.2 billion barrels of oil equivalent. Net production averaged 908 thousand barrels of oil equivalent per day in 2022 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
EOG Resources: Delving into Financials
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Negative Revenue Trend: Examining EOG Resources's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -19.54% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 33.21%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 7.52%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): EOG Resources's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.77%, the company showcases efficient use of assets and strong financial health.
Debt Management: EOG Resources's debt-to-equity ratio is below the industry average. With a ratio of 0.15, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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