How to Buy Eog Resources Stock
Eog Resources Inc
Eog Resources is a oil and gas company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker EOG on the NYSE exchange.
Eog Resources stock last closed at $124.57, down 1.26% from the previous day, and has increased 38.29% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.1 percentage points. Eog Resources stock is currently +54.42% from its 52-week low of $80.67, and -17.44% from its 52-week high of $150.88.
At the moment, there are 587.39M EOG shares outstanding. The market cap of EOG is $73.17B. In the last 24 hours, 4.77M EOG shares were traded.
How to Buy Eog Resources Stock
Wondering how to invest in Eog Resources stock? Here's how.
- Choose where to buy Eog Resources stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Eog Resources stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found. It's the best place to buy EOG stock.
- Deposit money your investment account: Select your payment method and add your details.
- Research Eog Resources stock: The Eog Resources ticker symbol is EOG. Is Eog Resources stock a good investment? Should you buy shares of EOG? How do EOG's underlying business fundamentals look? Do top analysts think Eog Resources is a good buy? Why has EOG's stock price moved recently? (Hint: Our stock analysis website can help you understand if EOG is a good stock to buy).
- Place your EOG trade: Decide if you will purchase EOG shares at the current market price or use a limit order to purchase EOG stock at a given price.
- Watch your EOG position: Create a watchlist to track your new investment in Eog Resources stock.
Step 1: Choose where to buy Eog Resources stock
You will need an online brokerage account in order to access the NYSE market and buy EOG stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal details so you are able to buy EOG today.
How to Start a New Investment Account on eToro
- Click here to get started.
- Input your personal info to start a new brokerage account.
- Send your data by clicking the "Create Account" button.
Step 3: Deposit money your investment account
Check out this video walkthrough to see the process of depositing funds into your new brokerage account.
Step 4: Research Eog Resources stock
It's crucial to research stocks before you invest, so you can understand the risk as well as the opportunity.
Eog Resources Metrics
Fundamentals of EOG
WallStreetZen was created to help average investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on EOG's stock page.
Is EOG stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge EOG's intrinsic value.
Using relative valuations measures:
- EOG could be overvalued based on its P/E ratio of 9.72x, relative to Oil & Gas E&P industry P/E ratio of 7.77x
- EOG could be overvalued based on its P/B ratio of 3.07x, relative to Oil & Gas E&P industry P/B ratio of 2.29x
- EOG may be overvalued based on its PEG ratio of 2.33x
You can do more valuation analysis on EOG's stock here.
EOG Financial Overview
Passed Health Checks:
- EOG's operating cash flow of $10.82B allows it to safely service it's debt of $5.32B.
- There are more short-term assets than short-term liabilities on the EOG balance sheet.
- Total EOG debt is lower than 5 years ago, relative to shareholder equity.
- EOG earnings of $9.72B is not enough to cover its interest payments.
- EOG profit margin has gone up from 19.4% to 29.8% in the past year.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the EOG balance sheet.
- EOG has a relatively high debt to equity ratio of 0.7.
Is it a good time to buy EOG stock?
Out of 20 Wall Street analysts who monitor EOG, the consensus analyst rating on Eog Resources is a Strong Buy
Should I buy or sell EOG stock?
Based on 20 analysts offering ratings for Eog Resources Inc.
Most Recent EOG Analyst Upgrades/Downgrades
Charles Meade, a top 9% analyst from Johnson Rice downgrades EOG to a hold rating and lowers their EOG price target from $177.00 to $163.00, on Dec 5, 2022.
John Freeman, a top 1% analyst from Raymond James maintains EOG with a strong buy rating and raises their EOG price target from $155.00 to $171.00, on Nov 28, 2022.
Freeman raised his price target on EOG Resources, Inc. by 10.3% following the release of the company's Q3 2022 earnings report earlier this month (2022/11/03).
EOG posted another "steady quarter operationally," the analyst summarized.
Production at 919 MBoe/d beat analysts' expectations by 1% on the back of strong NGL (Natural Gas Liquids) production, Freeman detailed.
For Q3 2022, EOG Resources reported:
- EPS of $3.71, which missed the Zacks Consensus Estimate of $3.75 but beat, by 71.8%, Q3 2021's $2.16.
- Revenue of $7.593B, which beat the Zacks Consensus Estimate of $7.189B and Q3 2021's $4.765B by 59.3%.
- Total crude oil, NGLs, and natural gas production of 919.2 MBoe/d, above the midpoint of management's prior guidance (897.7 MBoe/d).
- The Board of Directors declared a regular dividend of $0.825, up 10% from the previous dividend, as well as a special dividend of $1.50 per share.
Management provided detailed production and Capex guidance for Q4 and FY 2022 here.
Chairman & CEO Ezra Yacob commented: "EOG continues to get better. The decision to increase the regular dividend by 10% reflects our confidence in EOG's future.
"EOG is well positioned to improve returns going forward from an existing asset base of low-cost-of-supply wells, augmented by a growing roster of new emerging plays.
"We remain committed to returning cash through a sustainable, growing regular dividend, which is supported by our low-cost structure and an impeccable balance sheet - now in a net cash positive position.
"EOG is in a better position than ever to deliver value for our shareholders and play a significant role in the long-term future of energy."
Mark Lear, a top 6% analyst from Piper Sandler maintains EOG with a strong buy rating and raises their EOG price target from $165.00 to $179.00, on Nov 17, 2022.
Scott Hanold, a top 4% analyst from RBC Capital maintains EOG with a hold rating and raises their EOG price target from $155.00 to $158.00, on Nov 11, 2022.
William Janela, a top 2% analyst from Credit Suisse maintains EOG with a buy rating and raises their EOG price target from $150.00 to $160.00, on Nov 4, 2022.
You can dive deeper into what analysts are forecasting on the Eog Resources stock forecast page.
EOG Momentum
Is EOG Growing Revenue?
Last year, EOG earnings were $7.47B. In the last five year, EOG's earnings have gone up by 264.23% per year. This was faster than the Oil & Gas E&P industry average of 111.61%.
Last year, EOG revenue was $25.03B. During the past five year, EOG's revenue has gone up by 19.5% per year. This was slower than the Oil & Gas E&P industry average of 27.18%.
You can analyze EOG's earnings and revenue performance here.
Are EOG insiders buying or selling the stock?
Over the last 12 months, insiders at EOG have sold more shares than they have bought.
Lloyd W. Helms Jr., President COO of EOG, was the latest EOG insider to sell. They sold $10,769.96 worth of EOG stock on Nov 30, 2022.
Dig into more about who owns EOG stock here.
Can I rely on EOG as an income stream?
Eog Resources pays a dividend of 7.47%, compared to the Oil & Gas E&P industry's average dividend yield of 4.28%. If you owned $1,000 worth of EOG stock, you would have received $74.66 in the past year.
Eog Resources dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Eog Resources dividend yield and history here.
What do other investors have to say about EOG?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your EOG trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount, place a limit order.
Press the Open Trade button and your broker will place the order.
If you need additional info about buying stocks on eToro, watch the how to video below:
Step 6: Watch your EOG position
Now that you own some EOG stock, you'll want to stay up-to-date on your new company.
Make a watchlist to see the latest developments about your EOG stock.
EOG Feed
How to Buy Stock in Eog Resources
To summarize, here are the 6 steps for buying Eog Resources stock:
- Choose where to buy Eog Resources stock
- Open a brokerage account
- Deposit money your investment account
- Research Eog Resources stock
- Place your EOG trade
- Watch your EOG position
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Eog Resources, get started below.
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