The EOG share price is down today after the company announced disappointing earnings results. For the quarter, EOG reported earnings per share of $0.67, which was below analysts’ estimates of $0.70. Revenue came in at $3.21 billion, also below expectations of $3.25 billion.
The company blamed lower-than-expected production for the miss on both the top and bottom lines.
If you’re looking for a stock with potential, take a look at EOG Resources (NYSE: EOG). This oil and gas exploration and production company has seen its share price more than double in the past year, and it shows no signs of slowing down.
EOG is one of the largest independent oil and gas companies in the United States, with operations in some of the most prolific shale plays in the country.
The company has been able to grow its production at an impressive rate over the past few years thanks to its focus on using advanced drilling techniques to extract oil and gas from tight shale formations.
Thanks to this growth, EOG has been able to increase its dividend payout by an average of 20% per year over the past five years. And with crude prices rising and more investors searching for high-yielding stocks, EOG looks like it could continue to outperform in the months ahead.
Eog Share Price Forecast
The question of what will happen toEOG Resources’ stock price in the future is one that interests many investors. After all, this company is a major player in the oil and gas industry, and its share price has been on a bit of a roller coaster ride in recent years.
So, what does the future hold for EOG Resources’ stock price?
Unfortunately, there is no easy answer to this question. However, there are a few things that investors can look at when trying to make a forecast.
First, it’s important to understand that the oil and gas industry is highly cyclical.
This means that there will be times when EOG Resources’ stock price is up and other times when it’s down. So, it’s important not to get too worried about short-term fluctuations. Instead, focus on the longer-term trend.
Right now, it looks like the overall trend for EOG Resources’ stock price is upward. The company has been reporting strong earnings growth recently, and its share price has followed suit. Analysts expect this trend to continue in the coming quarters as well.
So, if you’re looking for an energy stock with upside potential, EOG Resources could be worth considering.
Credit: www.reuters.com
Is Eog a Good Investment?
EOG Resources, Inc. is a publicly traded oil and gas exploration and production company with operations in the United States, Canada, Australia, and Trinidad. The company’s stock trades on the New York Stock Exchange under the ticker symbol “EOG.”
The company was founded in 1985 by Mark Papa and John Schiller.
EOG Resources is headquartered in Houston, Texas. As of December 31, 2016, the company had 2.47 billion barrels of estimated proved reserves of crude oil, natural gas liquids (NGLs), and natural gas.
In 2016, EOG Resources’ total production was 762 thousand barrels of oil equivalent per day (MBOE/d), an increase of 17% from 2015.
The majority of the company’s production (70%) came from its U.S. operations in 2016.
Why is Eog Stock Down?
EOG stock is down because the company has been underperforming. The company has missed earnings estimates for the past two quarters, and its revenue growth has been slowing down. Furthermore, EOG has been facing some headwinds in its core business of oil and gas exploration and production.
These factors have all contributed to the decline in EOG’s stock price.
When Did Eog Stock Split?
EOG stock split on December 11, 2020. This was a 3-for-2 stock split, meaning that for every two shares of EOG owned pre-split, the shareholder now owned three shares. The last time EOG had a stock split was in May 2014, when it did a 2-for-1 stock split.
Whats the Highest Eog Stock Has Ever Been?
EOG Resources, Inc. is a publicly traded oil and gas exploration and production company based in Houston, Texas. EOG’s common stock price reached an all-time high on October 16, 2014 of $257.92 per share. The company’s market capitalization at that time was approximately $76 billion.
EOG was founded in 1985 by Mark Papa and Charles Zahn. The company went public in 1993 with an initial public offering (IPO) of $17 per share. EOG was one of the first independent oil companies to focus exclusively on horizontal drilling and hydraulic fracturing, which are now commonly used techniques in the oil and gas industry.
Since going public, EOG’s stock price has risen significantly, reaching its all-time high in 2014. The company has been profitable every year since 2004, except for 2008 when it reported a loss due to write-downs associated with the global financial crisis.
EOG’s strong financial performance and share price appreciation over the years have made it a favorite among investors seeking exposure to the oil and gas sector.
The company has a well-established position in some of the most prolific shale plays in North America, including the Eagle Ford Shale, Bakken Shale, Permian Basin, and Williston Basin.
Looking ahead, EOG is well positioned to continue growing its production and reserves at above-average rates as it continues to develop its vast portfolio of high-quality assets across North America.
Eog Stock Analysis
Conclusion
EOG Resources, Inc. is an American petroleum and natural gas exploration and production company based in Houston, Texas. The company is one of the largest oil and gas producers in the United States. As of December 31, 2015, EOG had 2P reserves of 2.4 billion barrels of oil equivalent (boe), 59% of which were proved developed reserves.
EOG shares fell sharply on Thursday after the company announced it would sell $3 billion worth of stock to fund its drilling activities. The share price decline was exacerbated by a report from Goldman Sachs that said the company’s growth prospects had diminished. EOG has been one of the best-performing stocks in the energy sector over the past year, but Thursday’s sell-off suggests that investors are becoming more cautious about the sector as a whole.
