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EOG $119.04

EOG target price
119.04
0
180
EOG Resources, Inc.
Type
Public company
Traded as NYSE: EOG
S&P 500 Component
Industry Petroleum industry
Founded 1999
Founder Mark G. Papa
Headquarters Heritage Plaza
Houston, Texas, United States
Key people
William R. Thomas, CEO & Chairman
Gary L. Thomas, COO & President
Timothy K. Driggers, CFO
Products Petroleum
Natural gas
Natural gas liquids
Production output
560 thousand barrels of oil equivalent (3,400,000 GJ) per day
Revenue Decrease $7.650 billion (2016)
Operating income
Increase -$1.225 billion (2016)
Net income
Increase -$1.096 billion (2016)
Total assets Increase $29.459 billion (2016)
Total equity Increase $45.822 billion (2016)
Number of employees
2,650 (2016)
Website www.eogresources.com

EOG Resources, Inc. (successor to Enron Oil & Gas Company) is an American petroleum and natural gas exploration company headquartered in the Heritage Plaza building in Houston, Texas.

The company is ranked #356 on the Fortune 500.

The company has reserves in the United States, Trinidad, the United Kingdom, and China.

As of December 31, 2016, the company had 2.118 billion barrels of oil equivalent (1.296×10 GJ) of estimated proved reserves, of which 52% was petroleum, 18% was natural gas liquids, and 30% was natural gas. Of these proved reserves, 97% were located in the United States and 3% were located in Trinidad.

In 2016, the company's production averaged 560 thousand barrels of oil equivalent (3,400,000 GJ) per day, of which 88% was in the United States (including 40% in the Eagle Ford shale and 15% in the Delaware Basin), 10% was in Trinidad, and 1% was in other areas.

As of December 31, 2016, of the company's total proved reserves in the United States, 56% was petroleum, 20% was natural gas liquids, and 24% was natural gas.

As of December 31, 2016, EOG was the largest petroleum producer in the Eagle Ford. In 2016, production by the company in the Eagle Ford averaged 220 thousand barrels of oil equivalent (1,300,000 GJ) per day.

In 2016, production by the company in the Delaware Basin averaged 85 thousand barrels of oil equivalent (520,000 GJ) per day. The company also owns properties in other areas of the Permian Basin, including the Leonard, Wolfcamp, and Second Bone Spring Sand shale plays.

In the Rocky Mountains, the company owns properties in the Williston Basin Bakken Formation and the Turner, Parkman and Niobrara Formations in the Powder River Basin.

EOG also owns properties in the Anadarko Basin, Haynesville Shale, the Fort Worth Basin, and the Marcellus Shale.

In 2007, EOG was awarded a license for two blocks in the East Irish Sea and, in 2009, the company drilled a successful test well.

As of December 31, 2016, EOG held approximately 40,000 net undeveloped acres in Trinidad.

In 2008, EOG acquired assets in the Chuan Zhong Block exploration area in the Sichuan Basin, Sichuan Province, China from ConocoPhillips.

In 1998, Mark G. Papa was named Chairman and Chief Executive Officer.

In 1999, its predecessor company, Enron Oil and Gas Company became independent from Enron Corp. and changed its named to EOG Resources, Inc. (EOG).

In 2000, the company swapped properties with Occidental Petroleum. EOG received properties in East Texas and the Oklahoma Panhandle in exchange for properties in California and the Gulf of Mexico.

In February 2000, the company also swapped properties with Burlington Resources. EOG received properties in West Texas and the New Mexico, specifically in the Permian Basin, in exchange for properties in Texas and Oklahoma.

In October 2000, the company was added to the S&P 500 index.

In 2003, the company acquired properties in Canada from Husky Energy for $320 million.

In 2006, the company signed a 225,648 square feet (20,963.4 m) lease for office space in the Heritage Plaza building in Houston, Texas. In 2008, EOG acquired assets in the Chuan Zhong Block exploration area in the Sichuan Basin, Sichuan Province, China from ConocoPhillips.

In 2010, the company announced major discoveries in the Eagle Ford shale.

In May 2011, the company sold gas-producing properties in South Texas and New Mexico for $637 million.

In December 2014, EOG sold its assets in Canada.

Also in December 2014, founder Mark G. Papa resigned from the board of directors.

In November 2015, the company spent $368 million to acquire additional acreage in the Delaware Basin.

In September 2016, EOG Resources acquired Yates Petroleum for 26 million shares of common stock valued at $2.3 billion and $37 million in cash. The acquisition increased EOG's holdings by 176,000 net acres in the Delaware Basin, 200,000 net acres in the Powder River Basin, and 138,000 net acres on the Northwest Shelf in New Mexico.

In 2017, the company formed a joint venture with The Carlyle Group to develop oil and gas assets in Ellis County, Oklahoma.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2023-02-23 Future report Set alerts
Q3 2022 2022-11-03 3.71 3.71
Q2 2022 2022-08-04 2.74 2.74
Q1 2022 2022-05-05 4.00 4.00
Q4 2021 2022-02-24 3.09 3.09
Q3 2021 2021-11-04 2.16 2.16
Q2 2021 2021-08-04 1.73 1.73
Q1 2021 2021-05-06 1.62 1.62
Q4 2020 2021-02-25 0.71 0.71
Q3 2020 2020-11-05 0.43 0.43

Ratings

2016-06-22 Initiated Coverage Credit Agricole Underperform
2016-06-22 Initiated Coverage Credit Agricole SA Underperform
2016-06-08 Reiterated Rating Goldman Sachs Conviction-Buy
2016-06-08 Reiterated Rating Goldman Sachs Group Inc. Conviction-Buy
2016-06-02 Reiterated Rating Credit Suisse Hold
2016-06-02 Reiterated Rating Credit Suisse Group AG Hold
2016-05-25 Downgrade KLR Group Buy to Accumulate $90.00
2016-05-24 Boost Price Target Barclays Overweight $80.00 to $83.00
2016-05-24 Boost Price Target Barclays PLC Overweight $80.00 to $83.00
2016-05-20 Reiterated Rating Goldman Sachs Conviction-Buy
2016-05-19 Downgrade Johnson Rice Accumulate to Hold
2016-05-16 Boost Price Target Sanford C. Bernstein Outperform $93.00
2016-05-14 Reiterated Rating Stephens Hold
2016-05-11 Downgrade Susquehanna Positive to Neutral
2016-05-10 Reiterated Rating Credit Suisse Hold $79.00
2016-05-09 Upgrade Canaccord Genuity Hold to Buy
2016-04-20 Downgrade Deutsche Bank Buy to Hold $85.00 to $83.00
2016-04-20 Downgrade Deutsche Bank AG Buy to Hold $85.00 to $83.00
2016-04-14 Reiterated Rating Goldman Sachs Buy
2016-04-12 Reiterated Rating Sanford C. Bernstein Outperform
2016-04-06 Downgrade Stifel Nicolaus Buy to Hold
2016-03-30 Initiated Coverage Cowen and Company Market Perform $74.00
2016-03-29 Boost Price Target Deutsche Bank Buy $83.00 to $85.00
2016-03-18 Initiated Coverage RBC Capital Sector Perform $80.00
2016-03-18 Initiated Coverage Royal Bank Of Canada Sector Perform $80.00
2016-03-08 Reiterated Rating Susquehanna Positive
2016-03-02 Lower Price Target Jefferies Group Hold $58.00
2016-02-29 Downgrade Wunderlich Buy to Hold $80.00 to $64.00
2016-02-29 Boost Price Target Barclays Overweight $61.00 to $70.00
2016-02-09 Reiterated Rating Sanford C. Bernstein Outperform
2016-02-05 Lower Price Target Robert W. Baird $92.00 to $74.00
2016-02-03 Initiated Coverage GMP Securities Buy $83.00
2016-02-02 Lower Price Target JPMorgan Chase & Co. Neutral $79.00 to $69.00
2016-01-28 Lower Price Target Barclays Overweight $77.00 to $61.00
2016-01-26 Lower Price Target Susquehanna Positive $91.00 to $84.00
2016-01-21 Lower Price Target Nomura Buy $93.00 to $80.00
2016-01-21 Lower Price Target Nomura Holdings Inc. Buy $93.00 to $80.00
2016-01-19 Lower Price Target KLR Group $116.00 to $96.00
2016-01-14 Reiterated Rating Deutsche Bank Buy $83.00
2016-01-07 Lower Price Target Deutsche Bank Buy $92.00 to $83.00
2016-01-05 Upgrade Citigroup Inc. Neutral to Buy $88.00
2015-12-10 Lower Price Target Argus Buy $106.00 to $96.00
2015-12-09 Initiated Coverage JPMorgan Chase & Co. Neutral $79.00
2015-12-08 Boost Price Target Barclays Overweight $88.00 to $94.00
2015-11-11 Boost Price Target Susquehanna Positive $89.00 to $99.00
2015-11-09 Reiterated Rating Barclays Buy $87.00 to $88.00
2015-11-09 Downgrade Raymond James Outperform to Market Perform
2015-11-09 Boost Price Target RBC Capital Outperform $80.00 to $92.00
2015-11-09 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2015-11-06 Boost Price Target Citigroup Inc. Neutral $86.00 to $88.00
2015-11-02 Lower Price Target Argus Buy $110.00 to $106.00
2015-10-21 Reiterated Rating Barclays Overweight $87.00
2015-10-21 Boost Price Target Robert W. Baird $88.00 to $92.00
2015-10-15 Lower Price Target KLR Group $116.00 to $112.00
2015-09-15 Reiterated Rating Citigroup Inc. Hold
2015-09-14 Lower Price Target Citigroup Inc. Neutral $96.00 to $86.00
2015-09-11 Lower Price Target Jefferies Group $71.00
2015-09-09 Upgrade Capital One Financial Corp. Underweight to Equal Weight
2015-09-08 Lower Price Target Barclays Overweight $91.00 to $87.00
2015-09-08 Downgrade Credit Suisse Outperform to Neutral $98.00 to $84.00
2015-08-24 Lower Price Target Susquehanna Positive $95.00 to $89.00
2015-08-24 Lower Price Target Bank of America Neutral $105.00 to $86.00
2015-08-24 Lower Price Target Bank of America Corp. Neutral $105.00 to $86.00
2015-08-10 Reiterated Rating S&P Equity Research Buy $96.00
2015-08-10 Upgrade CLSA Underperform to Outperform $102.00 to $83.00
2015-08-10 Lower Price Target Barclays Overweight $93.00 to $92.00
2015-08-10 Upgrade Credit Agricole Underperform to Outperform $102.00 to $83.00
2015-08-10 Downgrade Oppenheimer Outperform to Market Perform $32.00 to $105.00
2015-08-10 Lower Price Target RBC Capital Outperform $106.00 to $96.00
2015-08-10 Reiterated Rating Deutsche Bank Buy $101.00
2015-08-10 Downgrade Oppenheimer Holdings Inc. Outperform to Market Perform $32.00 to $105.00
2015-07-22 Reiterated Rating Credit Suisse Outperform $102.00 to $103.00
2015-07-20 Lower Price Target Susquehanna Positive $107.00 to $95.00
2015-07-14 Initiated Coverage Stephens Overweight $100.00
2015-07-13 Reiterated Rating Barclays Buy $86.00 to $93.00
2015-07-07 Upgrade Jefferies Group Underperform to Hold $80.00
2015-06-26 Reiterated Rating Wunderlich Buy $116.00
2015-06-12 Reiterated Rating Goldman Sachs Conviction-Buy
2015-06-02 Lower Price Target Argus Buy $118.00 to $110.00
2015-06-01 Reiterated Rating Citigroup Inc. Buy
2015-06-01 Initiated Coverage Evercore ISI Buy $100.00
2015-05-19 Reiterated Rating Goldman Sachs Buy $104.00 to $108.00
2015-05-09 Reiterated Rating KLR Group Buy $118.00 to $117.00
2015-05-09 Reiterated Rating Barclays Overweight $85.00 to $86.00
2015-05-06 Boost Price Target RBC Capital Outperform $100.00 to $106.00
2015-05-06 Reiterated Rating Oppenheimer Outperform $105.00
2015-05-06 Boost Price Target Wunderlich Buy $110.00 to $116.00
2015-04-22 Initiated Coverage Nomura Buy $112.00
2015-04-17 Downgrade Credit Agricole Outperform to Underperform
2015-04-17 Downgrade CLSA Outperform to Underperform
2015-03-23 Set Price Target Oppenheimer Buy $105.00
2015-02-23 Lower Price Target Barclays Overweight $92.00 to $85.00
2015-02-23 Lower Price Target Argus Buy $133.00 to $118.00
2015-02-20 Set Price Target Oppenheimer Buy $105.00
2015-02-20 Reiterated Rating S&P Equity Research Strong-Buy
2015-02-20 Boost Price Target Wunderlich Buy $100.00 to $113.00
2015-02-20 Downgrade Capital One Financial Corp. Equal Weight to Underweight
2015-02-20 Downgrade Macquarie Outperform to Neutral $106.00 to $96.00
2015-02-20 Boost Price Target RBC Capital Outperform $95.00 to $100.00
2015-02-19 Downgrade Citigroup Inc. Buy to Neutral $100.00 to $96.00
2015-02-06 Initiated Coverage Jefferies Group Underperform
2015-02-03 Upgrade Stifel Nicolaus Hold to Buy
2015-02-02 Lower Price Target Howard Weil Sector Perform $104.00 to $96.00
2015-01-30 Boost Price Target Deutsche Bank Buy $98.00 to $101.00
2015-01-27 Initiated Coverage Guggenheim Neutral
2015-01-14 Lower Price Target Barclays Overweight $106.00 to $92.00
2015-01-06 Reiterated Rating Deutsche Bank Buy $106.00 to $98.00
2015-01-06 Downgrade Bank of America Buy to Neutral
2014-12-16 Lower Price Target Barclays Overweight $122.00 to $106.00
2014-12-16 Downgrade Morgan Stanley Overweight to Equal Weight
2014-12-11 Lower Price Target Oppenheimer Outperform $120.00 to $105.00
2014-12-09 Initiated Coverage Stifel Nicolaus Hold
2014-12-08 Lower Price Target Citigroup Inc. Buy $115.00 to $105.00
2014-12-05 Boost Price Target JPMorgan Chase & Co. Overweight $99.00 to $109.00
2014-11-20 Upgrade Atlantic Securities Neutral to Overweight
2014-11-18 Boost Price Target Credit Suisse Outperform $112.00 to $113.00
2014-11-07 Upgrade Tudor Pickering Accumulate to Buy
2014-11-06 Reiterated Rating Barclays Overweight $130.00 to $122.00
2014-11-06 Lower Price Target RBC Capital Outperform $114.00 to $105.00
2014-11-05 Upgrade Miller Tabak Hold to Buy $109.00
2014-10-23 Initiated Coverage Susquehanna Positive $113.00
2014-10-22 Reiterated Rating Wunderlich Buy $133.00 to $110.00
2014-10-21 Upgrade Guggenheim Neutral to Buy $116.00 to $111.00
2014-10-20 Reiterated Rating Morgan Stanley Overweight $140.00 to $136.00
2014-10-13 Upgrade Sanford C. Bernstein Market Perform to Outperform $109.00
2014-10-09 Reiterated Rating Barclays Overweight $148.00 to $130.00
2014-10-08 Upgrade Macquarie Neutral to Outperform $124.00 to $120.00
2014-10-02 Upgrade ING Group Buy $140.00
2014-10-02 Upgrade KLR Group Accumulate to Buy $140.00
2014-09-24 Initiated Coverage Wolfe Research Outperform $135.00
2014-09-08 Lower Price Target Raymond James $133.00 to $130.00
2014-08-12 Reiterated Rating Barclays Overweight $147.00 to $148.00
2014-08-07 Boost Price Target RBC Capital Outperform $106.00 to $114.00
2014-08-06 Reiterated Rating Raymond James Outperform $130.00 to $133.00
2014-07-18 Reiterated Rating Deutsche Bank Buy $118.00 to $125.00
2014-07-18 Downgrade Sanford C. Bernstein Outperform to Market Perform $109.00
2014-07-17 Initiated Coverage Argus Buy $135.00
2014-07-10 Boost Price Target Howard Weil Sector Perform $113.00 to $117.00
2014-07-03 Boost Price Target FBR & Co. Market Perform $95.00 to $100.00
2014-07-03 Boost Price Target FBR & Co Market Perform $95.00 to $100.00
2014-07-02 Boost Price Target Wunderlich Buy $124.00 to $133.00
2014-07-02 Reiterated Rating JPMorgan Chase & Co. Overweight $106.00 to $137.00
2014-06-19 Reiterated Rating Goldman Sachs Positive
2014-06-19 Downgrade KLR Group Buy to Accumulate
2014-06-16 Initiated Coverage BMO Capital Markets Outperform $130.00
2014-06-11 Reiterated Rating Deutsche Bank Buy $109.00 to $118.00
2014-05-20 Boost Price Target Barclays Overweight $126.00 to $129.00
2014-05-14 Boost Price Target Guggenheim Neutral $106.00 to $114.00
2014-05-09 Boost Price Target KLR Group $4.00 to $130.00
2014-05-07 Reiterated Rating Citigroup Inc. Overweight $124.00 to $126.00
2014-05-07 Upgrade Wunderlich Hold to Buy $92.00 to $124.00
2014-05-07 Boost Price Target RBC Capital Outperform $103.00 to $106.00
2014-05-06 Boost Price Target Goldman Sachs $120.00 to $124.00
2014-05-06 Boost Price Target Citigroup Inc. Buy $105.00 to $115.00
2014-05-06 Boost Price Target Morgan Stanley Overweight $120.00 to $130.00
2014-04-23 Boost Price Target Guggenheim $90.00 to $106.00
2014-04-23 Boost Price Target Raymond James $110.00 to $120.00
2014-04-23 Boost Price Target Societe Generale Buy $105.00 to $120.00
2014-04-22 Boost Price Target Barclays Overweight $117.00 to $124.00
2014-04-15 Downgrade Howard Weil Sector Outperform to Sector Perform $105
2014-04-15 Reiterated Rating FBR & Co. Market Perform $95.00
2014-04-07 Lower Price Target Barclays Overweight $234.00 to $117.00
2014-04-04 Boost Price Target Stifel Nicolaus Buy $100.00 to $120.00
2014-04-01 Boost Price Target Deutsche Bank $214.00 to $218.00
2014-04-01 Boost Price Target Oppenheimer $90.00 to $120.00
2014-03-28 Boost Price Target Cowen and Company $95.00 to $105.00
2014-03-25 Boost Price Target Raymond James Outperform $100.00 to $110.00
2014-03-20 Boost Price Target Goldman Sachs $117.00
2014-03-11 Boost Price Target Jefferies Group $97.50 to $105.00
2014-03-05 Boost Price Target Deutsche Bank Buy $95.00 to $107.00
2014-02-27 Boost Price Target Guggenheim $76.00 to $89.50
2014-02-26 Boost Price Target Wunderlich Hold $81.00 to $85.00
2014-02-26 Boost Price Target KLR Group $4.50 to $123.50
2014-02-26 Boost Price Target Howard Weil Sector Outperform $95.50 to $105.00
2014-02-26 Boost Price Target RBC Capital Outperform $91.00 to $103.00
2014-02-25 Upgrade Societe Generale Sell to Buy
2014-02-25 Reiterated Rating Morgan Stanley Overweight $102.50 to $110.00
2014-02-25 Boost Price Target Deutsche Bank Buy $89.50 to $95.00
2014-01-27 Initiated Coverage Cowen and Company Outperform
2014-01-13 Boost Price Target Barclays Overweight $102.00 to $113.00
2013-12-09 Reiterated Rating Deutsche Bank Buy $98.00 to $89.50
2013-12-05 Downgrade Macquarie Outperform to Neutral $108.00 to $95.00
2013-11-11 Boost Price Target Wunderlich Hold $69.00 to $81.00
2013-11-08 Lower Price Target FBR & Co. Market Perform $100.00 to $87.50
2013-11-07 Boost Price Target Raymond James Outperform $100.00 to $105.00
2013-11-07 Downgrade Miller Tabak Buy to Hold
2013-10-23 Downgrade FBR & Co. Outperform to Market Perform
2013-10-21 Downgrade Robert W. Baird Neutral
2013-10-18 Boost Price Target Robert W. Baird Outperform $88.50 to $101.50
2013-10-16 Boost Price Target Susquehanna Neutral $85.00 to $89.50
2013-10-16 Boost Price Target Deutsche Bank Buy $88.00 to $98.00
2013-10-16 Boost Price Target Barclays Overweight $96.00 to $102.50
2013-10-09 Upgrade Credit Suisse Neutral to Outperform $87.50 to $105.00
2013-10-02 Boost Price Target Deutsche Bank Buy $86.50 to $88.00
2013-10-01 Downgrade Societe Generale Hold to Sell $72.00 to $80.00
2013-09-24 Upgrade Barclays Market Weight
2016-06-22 Initiated Coverage Credit Agricole Underperform
2016-06-22 Initiated Coverage Credit Agricole SA Underperform
2016-06-08 Reiterated Rating Goldman Sachs Conviction-Buy
2016-06-08 Reiterated Rating Goldman Sachs Group Inc. Conviction-Buy
2016-06-02 Reiterated Rating Credit Suisse Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks