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EOG Resources Inc EOG

Morningstar Rating
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Stock XNYS Rating as of
$134.80 +0.90 (0.67%)
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As of Delayed Price Pre-Open: $134.30 −0.50
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Company Report

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Israel’s Response to Iran’s Strike Confirms Minimal Escalation View; Oil Markets Remain Oversupplied

Stephen Ellis

Israel has launched strikes against Iran in retaliation for an attack on April 14 (see our April 15 note for more analysis). The limited scope of Israel’s attack, which also included targets in Syria and Iraq; Iran's subdued response; and the ample warning Israel provided confirm our view that both parties wish to de-escalate tensions. We’d characterize this as a de-escalation attack. This view is in line with broader US and Group of Seven goals.

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Price vs Fair Value

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EOG is trading within a range we consider fairly valued.
Price
$133.90
Fair Value
$225.00
Uncertainty
Medium
1-Star Price
$831.17
5-Star Price
$49.90
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

EOG remains among the most technically proficient operators in the business. Initial production rates from its shale wells consistently exceed industry averages.

Bears

The double premium portion of EOG's inventory could run out after 10-15 years if the company fails to replace the locations it drills with new opportunities.

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Trading Information

Previous Close Price
$133.90
Day Range
$132.28–135.29
52-Week Range
$106.32–139.67
Bid/Ask
$120.25 / $139.36
Market Cap
$77.54 Bil
Volume/Avg
4 / 3.6 Mil

Key Statistics

Price/Earnings (Normalized)
11.23
Price/Sales
3.37
Dividend Yield (Trailing)
2.57%
Dividend Yield (Forward)
2.70%
Total Yield
3.91%

Company Profile

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.
Sector
Energy
Industry
Oil & Gas E&P
Stock Style Box
Large Value
Total Number of Employees
3,050
Website
https://www.eogresources.com

Competitors

Valuation

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Metric
EOG
FANG
PXD
Price/Earnings (Normalized)
 11.2310.9112.72
Price/Book Value
 2.772.182.76
Price/Sales
 3.374.373.42
Price/Cash Flow
 7.016.487.68
Price/Earnings
EOG
FANG
PXD

Financial Strength

Metric
EOG
FANG
PXD
Quick Ratio
 1.960.680.66
Current Ratio
 2.440.770.88
Interest Coverage
 64.8425.2644.95
Quick Ratio
EOG
FANG
PXD

Profitability

Metric
EOG
FANG
PXD
Return on Assets (Normalized)
 16.14%12.53%13.94%
Return on Equity (Normalized)
 25.79%21.98%22.40%
Return on Invested Capital (Normalized)
 21.71%15.63%18.32%
Return on Assets
EOG
FANG
PXD
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Oil & Gas E&P Industry Comparables

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Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
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COP
ConocoPhillipsYfklvwnzlDwyrfc$151.5 Bil
PXD
Pioneer Natural Resources CoYnlpsnpfySfpmvq$64.3 Bil
OXY
Occidental Petroleum CorpJbnmhbwkZvgg$59.7 Bil
HES
Hess CorpTwjldcmpqvSvqsvs$47.6 Bil
FANG
Diamondback Energy IncQpkrrzspwFjgzwqs$36.4 Bil
DVN
Devon Energy CorpJvrbkyxwZqtdbbx$33.4 Bil
MRO
Marathon Oil CorpWkzghhtHkn$15.9 Bil
APA
APA CorpNfghljrvTmbv$12.0 Bil
AR
Antero Resources CorpMbcbkrtqqMfb$9.2 Bil

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