EOG Resources, Inc.

EOG Resources, Inc.

EOG

Market Cap$72.73B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
EOG Resources, Inc.EOG Resources, Inc.10.22.87%24%3.10.1

Earnings Call Q3 2024

November 8, 2024 - AI Summary

**Strong Financial Performance**: EOG Resources reported $1.6 billion in adjusted net income and $1.5 billion in free cash flow for Q3 2024, continuing a trend of robust financial results. Year-to-date, free cash flow reached $4.1 billion, complemented by $3.8 billion returned to shareholders through dividends and share repurchases.
**Dividend and Share Repurchase Program**: The company announced a 7% increase in its regular dividend, reaffirming its strong commitment to returning capital to shareholders. Additionally, EOG boosted its share repurchase authorization by $5 billion, with $758 million spent on buybacks in Q3 alone. This reflects confidence in its ongoing financial performance and aims to exceed the minimum cash return commitment of 70% of annual free cash flow.
**2025 Capital Program Outlook**: EOG plans to maintain a relatively flat activity level for 2025, with minor shifts in capital allocation towards growth in the Utica play while keeping a one-rig program in Dorado. The company anticipates a 50% increase in Utica activity, aligning with its strategy to capture economies of scale and achieve critical operational efficiencies.

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$143.00

Target Price by Analysts

9.5% upsideEOG Resources Target Price DetailsTarget Price
$180.35

Current Fair Value

38% upside

Undervalued by 38% based on the discounted cash flow analysis.

Share Statistics

Market cap$72.73 Billion
Enterprise Value$70.72 Billion
Dividend Yield$3.9 (2.86520764055371%)
Earnings per Share$13.07
Beta1.29
Outstanding Shares564,000,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio10.21
PEG-58.08
Price to Sales3.11
Price to Book Ratio2.51
Enterprise Value to Revenue2.96
Enterprise Value to EBIT5.43
Enterprise Value to Net Income9
Total Debt to Enterprise0.06
Debt to Equity0.14

Revenue Sources

No data

Insider Trades

ESG Score

No data

About EOG Resources, Inc.

CEO: William Thomas