11 analysts have shared their evaluations of EOG Resources EOG during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 7 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 4 | 0 | 0 |
| 3M Ago | 0 | 1 | 2 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $145.91, along with a high estimate of $167.00 and a low estimate of $134.00. Marking an increase of 1.33%, the current average surpasses the previous average price target of $144.00.
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 |
|---|---|---|---|---|---|
| Mark Lear | Piper Sandler | Lowers | Neutral | $140.00 | $149.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $150.00 | $147.00 |
| Nitin Kumar | Mizuho | Lowers | Outperform | $148.00 | $156.00 |
| Scott Gruber | Citigroup | Raises | Neutral | $134.00 | $127.00 |
| John Freeman | Raymond James | Raises | Strong Buy | $167.00 | $156.00 |
| Roger Read | Wells Fargo | Raises | Equal-Weight | $147.00 | $135.00 |
| Mark Lear | Piper Sandler | Raises | Neutral | $149.00 | $147.00 |
| Neal Dingmann | Truist Securities | Raises | Hold | $135.00 | $115.00 |
| Tim Rezvan | Keybanc | Lowers | Overweight | $150.00 | $157.00 |
| Scott Hanold | RBC Capital | Maintains | Sector Perform | $145.00 | $145.00 |
| Paul Cheng | Scotiabank | Lowers | Sector Perform | $140.00 | $150.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to EOG Resources. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide 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 explore the dynamics of price targets, providing estimates for the future value of EOG Resources's stock. This examination reveals shifts in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of EOG Resources's market position. Stay informed and make well-informed decisions with 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, 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.
Key Indicators: EOG Resources's Financial Health
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: EOG Resources's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -4.06%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: EOG Resources's net margin excels beyond industry benchmarks, reaching 28.53%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.7%, 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 3.66%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.14, EOG Resources adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: Simplified
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.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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