Eog Resources Intrinsic Stock Value – EOG Resources to Present at Goldman Sachs Energy, CleanTech & Utilities Conference
January 6, 2024
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EOG ($NYSE:EOG) Resources, Inc. (EOG) will be presenting at the upcoming Goldman Sachs Energy, CleanTech & Utilities Conference. EOG Resources, Inc. is a leading independent energy company engaged in the exploration, production, marketing and processing of crude oil, natural gas and natural gas liquids. The company’s operations are focused in major producing basins in the United States and other countries including the United States, Canada, the United Kingdom, Argentina, the People’s Republic of China, Colombia and Denmark. EOG Resources is committed to making a positive impact on the environment and society through its operations and activities, and is focused on delivering long-term value to shareholders.
Market Price
On Thursday, EOG RESOURCES stock opened at $125.6 and closed at $121.0, which was a decrease of 3.2% from its last closing price of $125.0. The company was looking to show investors why they should invest in EOG Resources, and what initiatives and strategies they have in place to become more successful. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Eog Resources. More…
| Total Revenues | Net Income | Net Margin |
| 23.65k | 7.88k | 31.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eog Resources. More…
| Operations | Investing | Financing |
| 11.68k | -6.24k | -5.39k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Eog Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 43.65k | 15.89k | 47.6 |
Key Ratios Snapshot
Some of the financial key ratios for Eog Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.2% | 116.5% | 43.0% |
| FCF Margin | ROE | ROA |
| 23.9% | 23.5% | 14.6% |
Analysis – Eog Resources Intrinsic Stock Value
At GoodWhale, we recently conducted an analysis of EOG RESOURCES‘s fundamentals. After taking into account a variety of factors, our proprietary Valuation Line came up with an intrinsic value of $108.9 for each share. Currently, the stock is trading at $121.0, which is 11.1% higher than the intrinsic value. This means that EOG RESOURCES is fairly priced, but slightly overvalued. We believe investors should currently be cautious investing in the stock at the current market price. More…
Peers
EOG Resources Inc is an American petroleum and natural gas exploration and production company with operations in the United States, Trinidad, the United Kingdom, and China. One of the largest American independents, its principal business is exploring for, developing, and producing crude oil and natural gas. EOG Resources is organized as a Delaware corporation and is headquartered in Houston, Texas.
The company’s competitors include Ovintiv Inc, Continental Resources Inc, Hess Corp.
– Ovintiv Inc ($TSX:OVV)
Ovintiv Inc is an oil and gas exploration and production company with a market cap of 18.04B as of 2022. The company has a Return on Equity of 33.39%. Ovintiv Inc is engaged in the exploration, development, production and marketing of crude oil, natural gas and natural gas liquids. The company has operations in the United States, Canada, Europe and South America.
– Continental Resources Inc ($NYSE:CLR)
Continental Resources, Inc. explores, develops, and produces crude oil and natural gas. It operates through the following segments: Bakken, SCOOP Woodford, and Other. The company was founded by Harold Hamm in 1967 and is headquartered in Oklahoma City, OK.
– Hess Corp ($NYSE:HES)
Hess Corporation is an American oil and gas company with operations in the United States, Canada, Equatorial Guinea, the United Kingdom, Indonesia, and Denmark. The company is headquartered in New York City.
Hess has a market cap of $39.94 billion as of 2022 and a return on equity of 29.47%. The company is engaged in the exploration, production, marketing, and refining of crude oil and natural gas. Hess also owns and operates a refinery in St. Croix, U.S. Virgin Islands.
Summary
EOG Resources, Inc. (EOG) is a leading energy company focused on the exploration and production of crude oil and natural gas. Recently, analysts at Goldman Sachs grouped the company with other energy, cleantech and utilities companies to discuss investment opportunities. On the same day of the conference, EOG’s stock price declined. Despite this dip, analysts are still bullish on the stock due to its consistent profitability, solid balance sheet, and diversified operations across multiple geopraphies.
They believe that EOG has a promising future in the sector given its solid track record of exploration and production, strong management team, and focus on creating value for shareholders. Going forward, investors should pay close attention to EOG’s performance and use this as an opportunity to explore the stock further.
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