Is EOG Resources Stock Undervalued? [Forbes]
EOG Resources, Inc. (EOG)
Last eog resources, inc. earnings: 2/27 04:33 pm
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Source: Forbes
SOPA Images/LightRocket via Getty Images After a flat growth year-to-date, at the current price of around $118 per share, we believe EOG Resources (NYSE: EOG) , an energy company engaging in the exploration, development, production, and marketing of crude oil and natural gas, looks fairly priced at this point. The company has a capital-intensive business model which is simultaneously highly cyclical. In recent months, EOG's stock price has been affected more by the macroeconomic outlook than its profitability. Despite high profits and a modest valuation, EOG's stock may continue to tread water in the short term - as it is highly dependent on commodity pricing. Brent futures currently trade at ~$72 a barrel and U.S. West Texas Intermediate crude settled at ~$69 (as of September 12). However, the company's current earnings multiple of around 9x is below its own five-year average of around 13x. To add to this, EOG is sitting on net cash and its long-term debt/equity ratio is 0.1 - ind
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EOG
News
- Three-Stock Lunch: Pepsi, Nextera Energy, and EOG Resources [CNBC]CNBC
- EOG Resources, Inc. (NYSE: EOG) had its price target lowered by analysts at UBS Group AG from $167.00 to $154.00. They now have a "buy" rating on the stock.MarketBeat
- EOG Resources, Inc. (NYSE: EOG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- EOG Resources, Inc. (NYSE: EOG) had its price target lowered by analysts at Morgan Stanley from $134.00 to $132.00. They now have an "equal weight" rating on the stock.MarketBeat
- EOG Resources (EOG) is a Top-Ranked Value Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
EOG
Earnings
- 8/1/24 - Beat
EOG
Sec Filings
- 9/16/24 - Form 4
- 8/28/24 - Form 4
- 8/26/24 - Form 144
- EOG's page on the SEC website