Expert Ratings For EOG Resources

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20 analysts have expressed a variety of opinions on EOG Resources EOG over the past quarter, offering a diverse set of opinions from bullish to bearish.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over 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 2 3 2 0 0
2M Ago 2 0 6 0 0
3M Ago 1 1 2 0 0

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $146.25, with a high estimate of $165.00 and a low estimate of $124.00. Witnessing a positive shift, the current average has risen by 2.44% from the previous average price target of $142.76.

Decoding Analyst Ratings: A Detailed Look

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
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
Roger Read Wells Fargo Raises Equal-Weight $129.00 $126.00
Mark Lear Piper Sandler Lowers Overweight $141.00 $153.00
Scott Hanold RBC Capital Maintains Sector Perform $145.00 -
Neal Dingmann Truist Securities Lowers Buy $165.00 $172.00

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: 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 navigate through adjustments in price targets, providing estimates for EOG Resources's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of EOG Resources's market position. Stay informed and make data-driven decisions with the assistance of 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.

EOG Resources: Delving into Financials

Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.

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. 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 30.67%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): EOG Resources's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.31% ROE, the company effectively utilizes shareholder 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 4.04%, the company showcases efficient use of assets and strong financial health.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.14.

Analyst Ratings: What Are They?

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.

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.

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