Expert Outlook: EOG Resources Through The Eyes Of 20 Analysts

Providing a diverse range of perspectives from bullish to bearish, 20 analysts have published ratings on EOG Resources EOG in the last three months.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Analysts have recently evaluated EOG Resources and provided 12-month price targets. The average target is $146.0, accompanied by a high estimate of $165.00 and a low estimate of $124.00. This upward trend is apparent, with the current average reflecting a 0.32% increase from the previous average price target of $145.53.

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.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to EOG Resources. This information provides a snapshot of how analysts perceive 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 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.

For valuable insights into EOG Resources's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on EOG Resources analyst ratings.

Get to Know EOG Resources Better

EOG Resources is an oil and gas producer with acreage in several US shale plays, primarily in the Permian Basin and the Eagle Ford. At the end of 2023, it reported net proven reserves of 4.5 billion barrels of oil equivalent. Net production averaged roughly 985,000 barrels of oil equivalent per day in 2023 at a ratio of 71% oil and natural gas liquids and 29% natural gas.

Understanding the Numbers: EOG Resources's Finances

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

Revenue Growth: EOG Resources's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -7.15%. This indicates a decrease in the company's 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: 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 lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 7.12%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): EOG Resources's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.54% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: EOG Resources's debt-to-equity ratio is below the industry average at 0.17, reflecting a lower dependency on debt financing and a more conservative financial approach.

Understanding the Relevance of Analyst Ratings

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

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.