Analysts' ratings for EOG Resources EOG over the last quarter vary from bullish to bearish, as provided by 20 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 4 | 10 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 3 | 4 | 2 | 0 | 0 |
| 3M Ago | 2 | 0 | 6 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for EOG Resources, presenting an average target of $145.8, a high estimate of $163.00, and a low estimate of $124.00. Marking an increase of 2.59%, the current average surpasses the previous average price target of $142.12.
Deciphering Analyst Ratings: An In-Depth Analysis
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.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Noah Hungness | B of A Securities | Announces | Buy | $151.00 | - |
| Scott Gruber | Citigroup | Raises | Neutral | $130.00 | $124.00 |
| Neal Dingmann | Truist Securities | Lowers | Hold | $136.00 | $163.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $154.00 | $153.00 |
| Nitin Kumar | Mizuho | Raises | Buy | $156.00 | $140.00 |
| David Deckelbaum | TD Cowen | Raises | Hold | $144.00 | $130.00 |
| Derrick Whitfield | Stifel | Lowers | Buy | $150.00 | $153.00 |
| Tim Rezvan | Keybanc | Raises | Overweight | $157.00 | $147.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $155.00 | $147.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $153.00 | $141.00 |
| Devin McDermott | Morgan Stanley | Raises | Equal-Weight | $133.00 | $132.00 |
| Nitin Kumar | Mizuho | Raises | Buy | $140.00 | $138.00 |
| Paul Cheng | Scotiabank | Raises | Sector Perform | $155.00 | $135.00 |
| Betty Jiang | Barclays | Announces | Equal-Weight | $144.00 | - |
| Scott Hanold | RBC Capital | Maintains | Sector Perform | $145.00 | - |
| Neal Dingmann | Truist Securities | Lowers | Buy | $163.00 | $165.00 |
| Devin McDermott | Morgan Stanley | Raises | Equal-Weight | $132.00 | $131.00 |
| Arun Jayaram | JP Morgan | Raises | Neutral | $141.00 | $134.00 |
| Derrick Whitfield | Stifel | Lowers | Buy | $153.00 | $163.00 |
| Scott Gruber | Citigroup | Raises | Neutral | $124.00 | $120.00 |
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: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey 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.
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.
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.
Unraveling the Financial Story of EOG Resources
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: EOG Resources's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 4.57%. This signifies a substantial increase in the company's 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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 30.67%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): EOG Resources's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.31%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): EOG Resources's ROA excels beyond industry benchmarks, reaching 4.04%. This signifies efficient management 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
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.
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.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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