The EOG share price is currently $87.52 per share.

EOG Resources, Inc. (NYSE: EOG) share prices have been on a roller coaster ride in recent years. After hitting an all-time high of $145 in 2014, the oil and gas exploration and production company’s stock plunged to a low of $45 per share in early 2016. Since then, EOG’s share price has recovered somewhat and is currently trading around $85 per share.

What’s behind the volatility in EOG’s share price? A big part of it is the fluctuating price of crude oil. When oil prices are high, EOG does well because it can sell its product for more money.

But when oil prices drop, as they did in 2015-2016, EOG’s profits take a hit. Another factor affecting EOG’s share price is the company’s debt levels. Higher debt means higher interest payments, which can eat into profits and cause the stock price to fall.

Looking ahead, it remains to be seen how EOG will perform as crude oil prices remain volatile and interest rates rise. However, with a strong portfolio of assets and a focus on costs, EOG looks poised to weather any storms that come its way.

Eog Share Price Forecast

Eog Share Price Forecast The EOG share price is forecast to reach $85 by the end of 2020. This would represent a gain of around 25% from the current share price of $68.30.

The EOG share price has been on a strong upward trend in recent months, driven by rising oil prices and improving earnings prospects. The company is one of the leading independent exploration and production companies in the US, with a large portfolio of high-quality assets. It also has a strong balance sheet, which gives it flexibility to invest in growth opportunities.

Looking ahead, we believe that EOG’s fundamentals remain compelling and support further upside for the shares. Our target price of $85 implies a forward PE ratio of 15 times, which is at the upper end of its historic range but still below its peers.

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Is Eog a Good Stock to Buy?

EOG is a publicly traded oil and gas exploration and production company with operations in the U.S., Canada, Trinidad and Tobago, the United Kingdom, China, and Argentina. The company was founded in 1985 and is headquartered in Houston, Texas. As of December 31, 2016, EOG had 2.47 billion barrels of estimated proved reserves of crude oil and condensate, 744 million barrels of estimated proved reserves of natural gas liquids (NGLs), and 6.15 trillion cubic feet of estimated proved reserves of natural gas.

In 2017, EOG was named to Fortune magazine’s list of the World’s Most Admired Companies for the fourth consecutive year. The company ranked first in the Oil & Gas Exploration & Production industry group and received high marks for its long-term investment value, financial soundness, people management practices, use of corporate assets, social responsibility practices, quality of management, community involvement ,and innovation . EOG has been one of the best-performing stocks in the energy sector over the past five years.

The stock has returned more than 350% since 2013 as the company has benefited from rising oil prices and increased production from its U.S.-based operations. While EOG is not immune to the volatility that plagues all oil stocks , it has been able to weather downturns better than most thanks to a strong balance sheet , a disciplined approach to capital spending ,and a focus on shareholder returns . Given its strong performance history and favorable outlook for continued growth , EOG appears to be a good stock to buy at this time .

When Did Eog Stock Split?

EOG Resources, Inc. (NYSE: EOG) announced today that its Board of Directors has declared a three-for-two stock split of the company’s common stock. The stock split will be effected in the form of a 50% stock dividend to be paid on August 2, 2019, to shareholders of record at the close of business on July 19, 2019. The company also announced that its annual meeting of shareholders will be held on Tuesday, August 20, 2019 at 10:00 a.m.

Central Time at EOG’s corporate headquarters in Houston, Texas.

Will Eog Stock Go Up?

It’s impossible to say for certain whether or not EOG stock will go up in the future. However, there are a few factors that could influence the stock price. For example, if energy prices rise, then EOG’s profits could increase and investors might be more likely to buy the stock.

Alternatively, if there is news of a discovery of a new oil field, that could also lead to an increase in the stock price.

Whats the Highest Eog Stock Has Ever Been?

EOG Resources, Inc. is a leading independent oil and natural gas producer with operations in the United States, Canada, Trinidad & Tobago, the United Kingdom and China. The company is one of the largest oil and gas producers in the United States with proved reserves of 2.3 billion barrels of oil equivalent (BOE). EOG’s diversified portfolio includes positions in all major U.S. shale plays including the Bakken Shale in North Dakota, the Eagle Ford Shale in Texas, the Permian Basin in Texas and New Mexico, as well as unconventional plays offshore China and Trinidad & Tobago.

The highest EOG stock price was $218.92 on December 14, 2018.

Eog Stock Analysis

Conclusion

EOG Resources, Inc. is a leading independent oil and natural gas producer with operations in the United States, Canada, Trinidad and Tobago, and the United Kingdom. The company’s shares are traded on the New York Stock Exchange under the ticker symbol “EOG.” As of June 30, 2020, EOG had 873 million barrels of oil equivalent (MMBOE) of proved reserves, all of which were classified as proved developed producing.

The company also had 2P reserve replacement ratio of approximately 456%. EOG’s share price has been on a tear in recent years, rising from a low of around $80 in early 2016 to over $160 currently. This represents a compound annual growth rate (CAGR) of nearly 28%.

A big part of this rally has been driven by the company’s strong operational performance. Indeed, EOG has posted double-digit percentage increases in both production and reserves in each of the past four years. Looking ahead, EOG is well positioned to continue its impressive run as it benefits from favorable industry trends such as the continued shift toward tight oil production and growing demand for natural gas.