Added to YB: 2024-06-26
Pitch date: 2024-06-17
EOG [bullish]
EOG Resources, Inc.
+2.18%
current return
Author Info
No bio for this author
Company Info
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally.
Market Cap
$72.0B
Pitch Price
$118.95
Price Target
166.00 (+37%)
Dividend
4.10%
Sector
Oil, Gas and Consumable Fuels
Category
value
EOG Resources, Inc.: Recent weakness offers a buying opportunity
EOG: 1Q24 EPS $2.82 (+5% YoY), beat est. Oil prices +2%, production +9%. 2024 EPS est raised to $12.03. Strong balance sheet (13.4% debt/cap), $5.3B cash. $3.64 dividend (3.1% yield), $3.3B buyback auth. Attractive valuation: 9.8x 2024 P/E, 6.4x P/CF. $166 PT (+40% upside). Risks: commodity prices, reserve estimates.
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