EOG Resources (EOG) AI Stock Analysis

• Market Cap: $68.38B
• Dividend Yield: 3.11%
• Average Volume (3M): 3.67M
• Price to Earnings (P/E): 11.6
• Beta (1Y): 0.66
• Revenue Growth: -0.23%
• EPS Growth: -14.82%
• Country: US
• Employees: 3,150
• Sector: Energy
• Sector Strength: 72
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 2.87
• Shares Outstanding: 545,787,000
• 10 Day Avg. Volume: 4,024,480
• 30 Day Avg. Volume: 3,665,576
• PEG Ratio: 0.15
• Price to Book (P/B): 3.05
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 35.09
• Enterprise Value/Market Cap: 1.10
• Enterprise Value/Revenue: 0.79
• Enterprise Value/Gross Profit: 4.62
• Enterprise Value/Ebitda: 1.45
• 1Y Price Target: $139.18
• Price Target Upside: 11.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 24

• Rating: 82 Outperform
• Price Target: $132.00 ▲(5.36%Upside)

EOG Resources presents a strong investment opportunity, driven by solid financial performance, an attractive valuation, and strategic corporate actions like the recent acquisition. While technical indicators suggest a neutral trend, the company's focus on operational excellence and strategic growth initiatives position it well for future success, despite some near-term challenges from reduced capital spending and tariff-related uncertainties.

Positive Factors

Acquisition

EOG's acquisition of Encino strengthens its foothold in the Utica, enhancing its legacy footprint and adding value through its leading operational capabilities.

Dividend Increase

The Board increased its quarterly base dividend by 4.6% to $1.02/share, showing confidence in the acquisition and commitment to its capital returns framework.

Shareholder Returns

The deal is expected to lead to peer-leading shareholder returns, with at least 70% of free cash flow returned to shareholders annually.

Negative Factors

Debt Increase

Total debt increases to $7.7 billion post-close, though net leverage remains within EOG's target.

Production Cuts

EOG is cutting one rig from the 16 rig program it has run consistently since 2023, with net completions cut from 375 to 360, and full-year oil production lowered.

Stock Valuation

The stock already trades at a premium, and more execution is needed to prove the Utica can stand alongside other foundational plays.

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 demonstrates strong financial performance with robust profitability and a stable balance sheet. The low debt-to-equity ratio and high return on equity are significant strengths. While cash flow generation is solid, the decline in free cash flow growth is a concern that needs monitoring.

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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
23.41B	23.38B	23.27B	29.49B	19.67B	9.87B
	Gross Profit
16.21B	17.70B	14.49B	24.00B	14.32B	4.95B
	EBIT
7.76B	8.08B	9.60B	14.37B	6.10B	468.14M
	EBITDA
12.05B	12.54B	13.46B	13.87B	10.14B	3.87B
	Net Income Common Stockholders
6.08B	6.40B	7.59B	7.76B	4.66B	-604.57M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.60B	7.09B	5.28B	5.97B	5.21B	3.33B
	Total Assets
46.98B	47.19B	43.86B	41.37B	38.24B	35.80B
	Total Debt
5.06B	5.07B	4.80B	5.37B	5.35B	6.11B
	Net Debt
-1.54B	-2.02B	-478.00M	-598.00M	140.00M	2.78B
	Total Liabilities
17.47B	17.84B	15.77B	16.59B	16.06B	15.50B
	Stockholders Equity
29.52B	29.35B	28.09B	24.78B	22.18B	20.30B
Cash Flow		Free Cash Flow
5.61B	6.79B	5.16B	2.15B	4.94B	1.54B
	Operating Cash Flow
11.53B	12.14B	11.34B	3.17B	8.79B	5.01B
	Investing Cash Flow
-5.80B	-5.97B	-6.34B	-837.00M	-3.42B	-3.35B
	Financing Cash Flow
-4.42B	-4.36B	-5.69B	-1.41B	-3.49B	-359.02M

EOG Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 125.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EOG, the sentiment is Positive. The current price of 125.28 is above the 20-day moving average (MA) of 113.63, above the 50-day MA of 111.91, and above the 200-day MA of 122.13, indicating a bullish trend. The MACD of 2.05 indicates Negative momentum. The RSI at 73.31 is Negative, neither overbought nor oversold. The STOCH value of 96.55 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EOG.

EOG Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EOG	82 Outperform	$68.38B	11.63	20.90%	3.11%	-0.23%	-14.82%
COP	78 Outperform	$122.40B	12.31	16.61%	3.22%	4.01%	-10.91%
FANG	78 Outperform	$45.26B	9.48	14.26%	2.58%	47.89%	-7.87%
HES	77 Outperform	$44.00B	19.70	20.82%	1.41%	8.08%	10.59%
OXY	76 Outperform	$45.71B	18.80	9.43%	2.07%	1.35%	-33.30%
DVN	73 Outperform	$22.54B	7.99	20.88%	2.73%	12.06%	-16.37%
Sector *	58 Neutral	$7.56B	3.50	-4.45%	10.15%	0.79%	-49.51%

EOG Resources Corporate Events

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.