Wall Street analysts’ outlook for EOG Resources Inc. (EOG)

EOG Resources Inc. (NYSE: EOG) stock fell -2.55% on Thursday to $110.40 against a previous-day closing price of $113.29. With 2.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.72 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $111.33 whereas the lowest price it dropped to was $109.39. The 52-week range on EOG shows that it touched its highest point at $147.74 and its lowest point at $89.14 during that stretch. It currently has a 1-year price target of $142.93. With its current market cap of 63.12 billion, EOG has annualized dividend of $3.30 while the current yield stands at 2.99%. Beta for the stock currently stands at 1.54.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EOG was down-trending over the past week, with a drop of -1.45%, but this was down by -4.55% over a month. Three-month performance dropped to -2.49% while six-month performance fell -21.88%. The stock lost -10.48% in the past year, while it has lost -13.97% so far this year. A look at the trailing 12-month EPS for EOG yields 15.99 with Next year EPS estimates of 13.39. For the next quarter, that number is 2.65. This implies an EPS growth rate of 65.50% for this year and 13.61% for next year. EPS is expected to decline by -0.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 82.00%.

Float and Shares Shorts:

At present, 584.00 million EOG shares are outstanding with a float of 581.98 million shares on hand for trading. On Apr 27, 2023, short shares totaled 7.85 million, which was 1.34% higher than short shares on Mar 30, 2023. In addition to Mr. Ezra Y. Yacob as the firm’s CEO & Chairman, Mr. Lloyd W. Helms Jr. serves as its COO & Pres.

Institutional Ownership:

Through their ownership of 90.54% of EOG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.13% of EOG, in contrast to 30.39% held by mutual funds. Shares owned by individuals account for 1.23%. As the largest shareholder in EOG with 8.92% of the stake, The Vanguard Group, Inc. holds 52,440,565 shares worth 52,440,565. A second-largest stockholder of EOG, SSgA Funds Management, Inc., holds 36,299,584 shares, controlling over 6.18% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in EOG, holding 30,575,005 shares or 5.20% stake. With a 3.11% stake in EOG, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 18,267,025 shares are owned by the mutual fund manager. The SPDR Series – Energy Select Secto, which owns about 2.49% of EOG stock, is the second-largest Mutual Fund holder. It holds 14,639,571 shares valued at 1.75 billion. Vanguard 500 Index Fund holds 2.35% of the stake in EOG, owning 13,787,089 shares worth 1.65 billion.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, EOG reported revenue of $8.64B and operating income of $4.27B. The EBITDA in the recently reported quarter was $5.21B and diluted EPS was $3.81.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EOG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EOG analysts setting a high price target of $170.00 and a low target of $115.00, the average target price over the next 12 months is $144.21. Based on these targets, EOG could surge 53.99% to reach the target high and rise by 4.17% to reach the target low. Reaching the average price target will result in a growth of 30.63% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded EOG stock several times over the past three months with 34 Buys and 26 Sells. In these transactions, 51,860 shares were bought while 50,939 shares were sold. The number of buy transactions has increased to 145 while that of sell transactions has risen to 93 over the past year. The total number of shares bought during that period was 602,054 while 443,809 shares were sold.