EOG Resources (EOG) AI Stock Analysis

• Market Cap: $65.51B
• Dividend Yield: 3.2%
• Average Volume (3M): 3.20M
• Price to Earnings (P/E): 11.1
• Beta (1Y): 0.59
• Revenue Growth: -0.23%
• EPS Growth: -14.82%
• Country: US
• Employees: 3,150
• Sector: Energy
• Sector Strength: 60
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 2.87
• Shares Outstanding: 545,787,000
• 10 Day Avg. Volume: 2,958,403
• 30 Day Avg. Volume: 3,199,944
• PEG Ratio: -2.72
• Price to Book (P/B): 2.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.66
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 0.67
• Enterprise Value/Gross Profit: 3.94
• Enterprise Value/Ebitda: 1.24
• 1Y Price Target: $141.20
• Price Target Upside: 21.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 21

• Rating: 83 Outperform
• Price Target: $138.00 ▲(18.35%Upside)

EOG Resources' overall stock score reflects its strong financial performance, strategic corporate events, and attractive valuation. The company's resilience in financial and operational aspects, despite market challenges, positions it well for future growth. Technical analysis indicates a neutral trend, while the earnings call provides confidence in the company's strategic direction.

Positive Factors

Acquisition Benefits

The acquisition of Encino is expected to improve historical well productivity, increase identified resources, and lower costs in emerging shale plays like the Utica Shale.

Capital Returns

EOG's commitment to near 100% free cash flow to cash returns offers flexibility to lean into buybacks if a valuation dislocation arises.

Financial Performance

EOG Resources is attractively valued with the highest 2024 free cash flow to enterprise value ratio in the large-cap peer group.

Negative Factors

Cash Reserves

EOG's cash balance is to drop to $3.7bn, down from its historical $5-6bn target, due to the Encino acquisition.

Inventory Challenges

EOG has a shorter inventory life compared to many of its peers, leading to potential challenges in maintaining production growth.

Risk Profile

EOG's reliance on emerging plays like the Utica Shale and PRB, as well as exploratory efforts in international locations, increases its risk profile.

EOG Resources Business Overview & Revenue Model

Company Description

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

How the Company Makes Money

EOG Resources generates revenue primarily through the production and sale of crude oil, natural gas, and natural gas liquids. The company's key revenue streams are derived from its extensive portfolio of assets in prolific shale plays, including the Eagle Ford, Delaware Basin, and the Bakken. EOG Resources sells its production to a variety of customers, including refiners, marketers, and end users, both domestically and internationally. The company's earnings are influenced by fluctuations in commodity prices, production volumes, and operational efficiencies. Strategic partnerships and joint ventures also play a role in enhancing EOG's capabilities and expanding its market reach.

EOG Resources Financial Statement Overview

Summary

EOG Resources presents a strong financial profile characterized by solid profitability, efficient operations, and a stable balance sheet. The company's low leverage and high return on equity are significant strengths. While cash flow generation is robust, declining free cash flow growth requires monitoring. Overall, EOG Resources is well-positioned within the Oil & Gas Exploration & Production industry, with a focus on maintaining operational efficiency and financial stability.

Income Statement

EOG Resources demonstrates strong profitability with a TTM gross profit margin of 77.16% and a net profit margin of 25.95%. The company's revenue has remained stable with a slight TTM growth of 0.13% compared to the previous year. The EBIT margin of 33.16% and EBITDA margin of 59.50% indicate efficient operational performance. However, the decline in EBIT from 2024 suggests potential challenges in maintaining this efficiency.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio of 0.17, indicating conservative leverage. The TTM return on equity is strong at 20.58%, reflecting effective utilization of shareholders' equity. An equity ratio of 62.84% suggests solid financial stability. Despite these strengths, the slight decrease in stockholders' equity over recent periods warrants attention.

Cash Flow

EOG Resources shows robust cash flow generation with a TTM operating cash flow to net income ratio of 1.90. However, the free cash flow growth rate shows a decline of 17.37%, highlighting potential challenges in sustaining free cash flow levels. The free cash flow to net income ratio remains healthy at 0.92, indicating the company's ability to convert net income into cash effectively.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	23.38B	23.27B	29.49B	19.67B	9.87B
Gross Profit	17.70B	14.49B	24.00B	14.32B	4.95B
EBITDA	12.54B	13.46B	13.87B	10.14B	3.87B
Net Income	6.40B	7.59B	7.76B	4.66B	-604.57M
Balance Sheet
Total Assets	47.19B	43.86B	41.37B	38.24B	35.80B
Cash, Cash Equivalents and Short-Term Investments	7.09B	5.28B	5.97B	5.21B	3.33B
Total Debt	5.07B	4.80B	5.37B	5.35B	6.11B
Total Liabilities	17.84B	15.77B	16.59B	16.06B	15.50B
Stockholders Equity	29.35B	28.09B	24.78B	22.18B	20.30B
Cash Flow
Free Cash Flow	6.79B	5.16B	2.15B	4.94B	1.54B
Operating Cash Flow	12.14B	11.34B	3.17B	8.79B	5.01B
Investing Cash Flow	-5.97B	-6.34B	-837.00M	-3.42B	-3.35B
Financing Cash Flow	-4.36B	-5.69B	-1.41B	-3.49B	-359.02M

EOG Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 116.60
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EOG, the sentiment is Negative. The current price of 116.6 is below the 20-day moving average (MA) of 119.64, below the 50-day MA of 117.65, and below the 200-day MA of 120.89, indicating a bearish trend. The MACD of 0.27 indicates Positive momentum. The RSI at 43.65 is Neutral, neither overbought nor oversold. The STOCH value of 44.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EOG.

EOG Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EOG	83 Outperform	$65.51B	11.14	20.90%	3.20%	-0.23%	-14.82%
COP	79 Outperform	$120.36B	12.10	16.61%	3.36%	4.01%	-10.91%
FANG	75 Outperform	$43.43B	9.09	14.26%	3.52%	47.89%	-7.87%
HES	74 Outperform	$46.07B	20.63	20.82%	1.34%	8.08%	10.59%
OXY	74 Outperform	$43.24B	17.78	9.43%	2.09%	1.35%	-33.30%
DVN	72 Outperform	$21.33B	7.56	20.88%	3.43%	12.06%	-16.37%
Sector *	67 Neutral	$15.32B	10.21	6.62%	5.48%	4.82%	-57.74%

EOG Resources Corporate Events

EOG Resources Completes $3.5 Billion Senior Notes Offering

On July 1, 2025, EOG Resources, Inc. completed a $3.5 billion public offering of senior notes, which includes various maturities and interest rates. This strategic financial move aims to bolster EOG’s capital structure, potentially enhancing its market position by providing additional liquidity and financial flexibility.

The most recent analyst rating on (EOG) stock is a Hold with a $147.00 price target. To see the full list of analyst forecasts on EOG Resources stock, see the EOG Stock Forecast page.

EOG Resources Enters $3.5 Billion Underwriting Agreement

On June 16, 2025, EOG Resources, Inc. entered into an underwriting agreement with several financial institutions for the sale of senior notes totaling $3.5 billion, with varying maturity dates between 2028 and 2055. The transaction, expected to close on July 1, 2025, involves customary indemnification and contribution provisions, and highlights EOG’s ongoing financial strategies and relationships with major underwriters, which could impact its market positioning and stakeholder interests.

The most recent analyst rating on (EOG) stock is a Buy with a $146.00 price target. To see the full list of analyst forecasts on EOG Resources stock, see the EOG Stock Forecast page.

EOG Resources Announces $5.6 Billion Acquisition Deal

On May 30, 2025, EOG Resources, Inc. announced an agreement to acquire all outstanding equity interests in Encino Acquisition Partners, LLC for $5.6 billion in cash. This strategic acquisition is expected to enhance EOG’s operational capabilities and strengthen its market position, subject to customary closing conditions and regulatory approvals.

The most recent analyst rating on (EOG) stock is a Buy with a $161.00 price target. To see the full list of analyst forecasts on EOG Resources stock, see the EOG Stock Forecast page.

EOG Resources Announces $5.6 Billion Acquisition Deal

On May 30, 2025, EOG Resources announced a definitive agreement to acquire Encino Acquisition Partners for $5.6 billion, enhancing its position in the Utica shale play. This acquisition is expected to be immediately accretive to EOG’s financial metrics, expanding its multi-basin portfolio and increasing its production capacity, while also supporting a 5% increase in regular dividends.

The most recent analyst rating on (EOG) stock is a Buy with a $146.00 price target. To see the full list of analyst forecasts on EOG Resources stock, see the EOG Stock Forecast page.

EOG Resources Stockholders Approve Directors and Auditors

On May 21, 2025, EOG Resources, Inc. held its annual meeting of stockholders via webcast, where eight directors were elected, Deloitte & Touche LLP was ratified as auditors, and executive compensation was approved. The election results showed strong support for the nominees, with each receiving over 94% of the votes, and the ratification of auditors and executive compensation also received overwhelming approval, indicating solid backing from the stockholders.

The most recent analyst rating on (EOG) stock is a Buy with a $146.00 price target. To see the full list of analyst forecasts on EOG Resources stock, see the EOG Stock Forecast page.

EOG Resources Secures New Abu Dhabi Oil Concession

On May 16, 2025, EOG Resources announced it was awarded a new oil exploration concession for Unconventional Onshore Block 3 by Abu Dhabi’s Supreme Council for Financial and Economic Affairs. The concession covers 3,609 square kilometers in the Al Dhafra region of Abu Dhabi, where EOG holds 100 percent equity and operatorship. In collaboration with Abu Dhabi National Oil Company, EOG plans to explore and appraise unconventional oil, with drilling expected to start in the second half of 2025. This strategic move could enhance EOG’s industry positioning by expanding its resource potential in a hydrocarbon-rich basin.

The most recent analyst rating on (EOG) stock is a Buy with a $146.00 price target. To see the full list of analyst forecasts on EOG Resources stock, see the EOG Stock Forecast page.

EOG Resources Releases Q1 2025 Financial Results

EOG Resources, Inc. has released its first quarter 2025 financial and operational results, along with forecasts for the second quarter and full year 2025. The announcement provides insights into the company’s performance, including operating revenues and expenses, which are crucial for stakeholders to assess EOG’s market positioning and financial health.