Analyst Scoreboard: 13 Ratings For EOG Resources

13 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 provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $145.0, with a high estimate of $165.00 and a low estimate of $124.00. A 4.08% drop is evident in the current average compared to the previous average price target of $151.17.

Diving into Analyst Ratings: An In-Depth Exploration

A clear picture of EOG Resources's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to EOG Resources. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of EOG Resources compared to the broader market.
• Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.

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.

About EOG Resources

EOG Resources is an oil and gas producer with acreage in several US shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2022, it reported net proven reserves of 4.2 billion barrels of oil equivalent. Net production averaged 908,000 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 Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.

Negative Revenue Trend: Examining EOG Resources's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -7.15% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.

Net Margin: EOG Resources's net margin is impressive, surpassing industry averages. With a net margin of 32.97%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): EOG Resources's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 7.12%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): EOG Resources's ROA excels beyond industry benchmarks, reaching 4.54%. This signifies efficient management of assets and strong financial health.

Debt Management: With a below-average debt-to-equity ratio of 0.17, EOG Resources adopts a prudent financial strategy, indicating a balanced approach to debt management.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.