In the last quarter, 14 analysts provided ratings for EOG Resources EOGshowing a mix of bullish and bearish outlooks.
The table below summarizes their recent ratings, showing the evolution of sentiment over the last 30 days and comparing it to previous months.
| Bullish | A little bullish | Indifferent | A little bearish | Bearish | |
|---|---|---|---|---|---|
| Total ratings | 5 | 4 | 5 | 0 | 0 |
| Last 30 days | 1 | 0 | 0 | 0 | 0 |
| 1 million ago | 1 | 1 | 4 | 0 | 0 |
| 2 million ago | 1 | 0 | 1 | 0 | 0 |
| 3 million ago | 2 | 3 | 0 | 0 | 0 |
Insights are revealed from analysts’ 12-month price targets, which feature an average target of $146.29, a high estimate of $165.00 and a low estimate of $124.00. A negative change in sentiment is evident as analysts have reduced the average price target by 2.77%.
Breaking down analyst ratings: A detailed examination
A comprehensive examination of how financial experts perceive EOG Assets comes from recent analyst actions. Below is a detailed summary of the top analysts, their recent ratings, and adjustments to ratings and price targets.
| Analyst | Analytics company | Action taken | Assessment | Current price target | Previous price target |
|---|---|---|---|---|---|
| Neal Dingmann | Fiduciary Securities | Lower | Acquire | $163.00 | $165.00 |
| Devin McDermott | Morgan Stanley | Raise | Equal weight | $132.00 | $131.00 |
| Arun Jayaram | JP Morgan | Raise | Neutral | $141.00 | $134.00 |
| Derrick Whitfield | Stifel | Lower | Acquire | $153.00 | $163.00 |
| Scott Gruber | Citigroup | Raise | Neutral | $124.00 | $120.00 |
| Roger Read | Wells Fargo | Raise | Equal weight | $129.00 | $126.00 |
| Mark Lear | Piper Sandler | Lower | Overweight | $141.00 | $153.00 |
| Scott Hanold | RBC capital | Maintains | Performance Sector | $145.00 | – |
| Neal Dingmann | Fiduciary Securities | Lower | Acquire | $165.00 | $172.00 |
| Biju Perincheril | Susquehanna | Lower | Positive | $147.00 | $164.00 |
| John Freemann | Raymond James | Lower | Strong buy | $145.00 | $148.00 |
| Mark Lear | Piper Sandler | Lower | Overweight | $153.00 | $158.00 |
| Derrick Whitfield | Stifel | Lower | Acquire | $163.00 | $165.00 |
| Tim Rezvan | BankKey | Lower | Overweight | $147.00 | $157.00 |
Key Insights:
- Action taken: Analysts respond to changes in market conditions and company performance by frequently updating their recommendations. Whether they “maintain,” “raise,” or “lower” their position reflects their reaction to recent developments related to EOG resources. This information offers a snapshot of how analysts perceive the current state of the company.
- Assessment: Offering a comprehensive view, analysts rate stocks qualitatively, ranging from “Outperform” to “Underperform”. These ratings convey expectations for EOG Resources’ relative performance relative to the broader market.
- Price targets: Analysts review price target adjustments, providing estimates for the future value of EOG Resources. Comparing current and previous targets offers insight into analysts’ evolving expectations.
Navigating these analyst ratings along with other financial indicators can contribute to a holistic understanding of EOG Resources’ market position. Stay informed and make data-driven decisions with our ratings table.
Stay updated on the ratings of EOG Resources analysts.
Everything you need to know about EOG resources
EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, primarily in the Permian Basin and Eagle Ford. At the end of 2023, net proven reserves stood at 4.5 billion barrels of oil equivalent. Net production averaged approximately 985,000 barrels of oil equivalent per day in 2023 with a ratio of 71% oil and natural gas liquids and 29% natural gas.
An in-depth analysis of EOG Resources’ financials
Market Cap Highlights: Above the industry average, the company’s market capitalization represents a significant scale, indicating strong confidence and prominence in the market.
Revenue challenges: EOG Resources’ revenue growth over 3 months has faced challenges. As of December 31, 2023, the company recorded a decline of approximately -7.15%. This indicates a decrease in top-line earnings. Compared to competitors, the company exceeded expectations with a growth rate above the average of its energy industry peers.
Net margin: EOG Resources’ financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a significant net margin of 32.97%, the company has strong profitability and effective cost management.
Return on equity (ROE): EOG Resources’ ROE is below industry standards, indicating difficulties in using equity capital efficiently. With an ROE of 7.12%, the company may experience difficulty in providing satisfactory returns to shareholders.
Return on Assets (ROA): EOG Resources’ ROA stands out, surpassing industry averages. With an impressive ROA of 4.54%the company demonstrates effective use of resources and strong financial performance.
Debt Management: EOG Resources’ debt-to-equity ratio is lower than industry norms, indicating a solid financial structure with a ratio of 0.17.
Understand the relevance of analyst ratings
Within banking and financial systems, analysts specialize in reporting for specific securities or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish “analyst ratings” for stocks. Analysts typically evaluate and rate each stock once a quarter.
Some analysts publish their forecasts for metrics such as growth, earnings and revenue estimates to provide further guidance along with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and only offer their opinions to investors.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.