Tudor Pickering lifts EOG Resources Inc. [EOG] price estimate. Who else is bullish?

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EOG Resources Inc. [NYSE: EOG] surged by $2.27 during the normal trading session on Thursday and reaching a high of $77.05 during the day while it closed the day at $76.87. The company report on September 22, 2021 that EOG Resources Schedules Conference Call and Webcast of Third Quarter 2021 Results for November 5, 2021.

EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss third quarter 2021 results on Friday, November 5, 2021, at 9 a.m. Central time (10 a.m. Eastern time). Please visit the Investors/Events & Presentations page on the EOG website to access a live webcast of the conference call. If you are unable to listen to the live webcast, a replay will be available for one year.


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EOG Resources Inc. stock has also gained 3.92% of its value over the past 7 days. However, EOG stock has declined by -9.57% in the 3 months of the year. Over the past six months meanwhile, it has gained 6.58% and gained 56.10% year-on date.

The market cap for EOG stock reached $44.71 billion, with 583.65 million shares outstanding and 581.86 million shares in the current float. Compared to the average trading volume of 4.64M shares, EOG reached a trading volume of 3871868 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about EOG Resources Inc. [EOG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EOG shares is $99.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EOG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Tudor Pickering have made an estimate for EOG Resources Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 13, 2021. The new note on the price target was released on August 30, 2021, representing the official price target for EOG Resources Inc. stock. Previously, the target price had yet another raise to $88, while Wells Fargo analysts kept a Overweight rating on EOG stock.

The Average True Range (ATR) for EOG Resources Inc. is set at 2.44, with the Price to Sales ratio for EOG stock in the period of the last 12 months amounting to 3.42. The Price to Book ratio for the last quarter was 2.14, with the Price to Cash per share for the same quarter was set at 6.67. Price to Free Cash Flow for EOG in the course of the last twelve months was 9.52 with Quick ratio for the last quarter at 1.60.

EOG stock trade performance evaluation

EOG Resources Inc. [EOG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.92. With this latest performance, EOG shares gained by 12.30% in over the last four-week period, additionally plugging by 6.58% over the last 6 months – not to mention a rise of 113.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EOG stock in for the last two-week period is set at 64.87, with the RSI for the last a single of trading hit 70.24, and the three-weeks RSI is set at 59.99 for EOG Resources Inc. [EOG]. The present Moving Average for the last 50 days of trading for this stock 70.31, while it was recorded at 73.89 for the last single week of trading, and 70.04 for the last 200 days.

EOG Resources Inc. [EOG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and EOG Resources Inc. [EOG] shares currently have an operating margin of -0.14 and a Gross Margin at +9.54. EOG Resources Inc.’s Net Margin is presently recorded at -6.09.

Return on Total Capital for EOG is now -0.05, given the latest momentum, and Return on Invested Capital for the company is -2.32. Return on Equity for this stock declined to -2.88, with Return on Assets sitting at -1.66. When it comes to the capital structure of this company, EOG Resources Inc. [EOG] has a Total Debt to Total Equity ratio set at 33.26. Additionally, EOG Total Debt to Total Capital is recorded at 24.96, with Total Debt to Total Assets ending up at 18.86. Long-Term Debt to Equity for the company is recorded at 27.96, with the Long-Term Debt to Total Capital now at 20.98.

Reflecting on the efficiency of the workforce at the company, EOG Resources Inc. [EOG] managed to generate an average of -$208,473 per employee. Receivables Turnover for the company is 5.37 with a Total Asset Turnover recorded at a value of 0.27.EOG Resources Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.70.

Earnings per share (EPS) analysis for EOG Resources Inc. [EOG] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EOG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for EOG Resources Inc. go to 60.06%.

EOG Resources Inc. [EOG]: Insider Ownership positions

There are presently around $39,546 million, or 89.20% of EOG stock, in the hands of institutional investors. The top three institutional holders of EOG stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 60,327,868, which is approximately -15.352% of the company’s market cap and around 0.30% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 53,783,237 shares of the stock with an approximate value of $4.13 billion in EOG stocks shares; and VANGUARD GROUP INC, currently with $3.7 billion in EOG stock with ownership of nearly 0.901% of the company’s market capitalization.

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Positions in EOG Resources Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 500 institutional holders increased their position in EOG Resources Inc. [NYSE:EOG] by around 35,208,913 shares. Additionally, 401 investors decreased positions by around 44,748,648 shares, while 130 investors held positions by with 434,497,963 shares. The mentioned changes placed institutional holdings at 514,455,524 shares, according to the latest SEC report filing. EOG stock had 155 new institutional investments in for a total of 5,432,096 shares, while 78 institutional investors sold positions of 3,470,826 shares during the same period.

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