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:
Below please find a table outlining a discounted cash flow forecast for EOG, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Eog Resources Inc ranked in the 75th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for EOG, they are:
EOG's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 29.15% of tickers in our DCF set.
Relative to other stocks in its sector (Energy), Eog Resources Inc has a reliance on debt greater than only 11.25% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
UGP, BSM, TNP, SUN, and BOOM 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. (EOG) will host a conference call and webcast to discuss second quarter 2020 results on Friday, August 7, 2020, at 9 a.m. Central time (10 a.m. Eastern time). Please visit the Investors/Events & Presentations page on the EOG website to access a live webcast of the conference call. If you are unable to listen to the live webcast, a replay will be available for one year.
The energy sector is comprised of companies focused on the exploration, production, and marketing of oil, gas, and renewable resources around the world. Popular energy sector stocks include upstream companies that are primarily engaged in the exploration of oil or gas reserves. Well-known companies in the sector are Occidental Petroleum Corp. (OXY) and Diamondback Energy Inc. (FANG).
EOG Resources (NYSE: EOG ) shares are trading higher on Friday after SunTrust Robinson Humphrey upgraded the stock from Hold to Buy and announced a price target of $70 per share. EOG Resources is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas. EOG … Full story available on Benzinga.com