EOG Resources explores, develops, produces, and markets crude oil and natural gas. The company was founded in 1985 and is based in Houston, Texas.
EOG Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Eog Resources Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Eog Resources Inc ranked in the 50th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Eog Resources Inc ended up being:
Eog Resources Inc's weighted average cost of capital (WACC) is 8%; for context, that number is higher than merely 22.41% of tickers in our DCF set.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than only 18.66% of stocks in its sector (Energy).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
TAT, DLNG, SPN, PHX, and EPD can be thought of as valuation peers to EOG, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
EOG Resources Inc (NYSE: EOG ) shares are down 52.5% year to date, but at least one large option trader is betting on more downside from the oil & gas giant as the COVID-19 oil market downturn drags on. The EOG Trade: On Monday morning, Benzinga Pro subscribers received an option alert related to an unusually large EOG trade. At 10:52 a.m., a trader bought 39,000 EOG call options with a $39 strike price expiring on Oct. 23 at the ask price of $2.65. The trade represented a more than $10.3 million bearish bet. Why It’s Important: Even traders who stick exclusively to stocks often monitor option market activity closely for unusually large trades. Given the relative complexity of the options market, large options traders are typically considered to be more sophisticated than the average st...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of EOG Resources, Inc. New York, September 14, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of EOG Resources, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
EOG Resources (NYSE: EOG) has an impressive portfolio of assets as a leading American oil company. The company is focused on increasingly high margins with its impressive portfolio of assets. The company plans to turn that strong financial rewards. That continued performance makes EOG Resource a quality investment. EOG Resources...
The Value Portfolio on Seeking Alpha | September 9, 2020
(Bloomberg) -- Oil jumped the most since June alongside a rally in broader equities markets, but pared some of those gains after an industry group reported a build in U.S. stockpiles.Futures in New York surged 3.5% Wednesday, though still fell short of recouping all the losses from the previous session’s settle at a three-month low. Moving in tandem with stronger equities, Brent crude regained its technical footing, sharply rising above the 100-day moving average. The 14-day Relative Strength Index for futures in London and New York was below 30 on Tuesday for the first time since April, signaling the two benchmarks were oversold.U.S. futures pared some gains after the industry-funded American Petroleum Institute reported domestic crude inventories rose last week, according to people fa...