EOG Resources stock has remained flat this year, but exceeded Q3 estimates.

From Nasdaq: 2024-12-23 23:55:16

EOG Resources stock has remained flat this year, impacted by macroeconomic outlook and softer earnings. The company exceeded Q3 estimates, with non-GAAP EPS of $2.89 and revenue of $6.0 billion. EOG plans to return capital to shareholders, increasing dividends and buyback authorization. The stock’s 3-year returns have been volatile, unlike the Trefis High Quality Portfolio.

EOG’s crude oil and natural gas liquids production increased in Q3. The company aims to exceed last year’s cash return and meet its minimum commitment. Despite lower commodity prices, EOG’s stock price may continue to be affected by market interest rates and debt levels. Analysts forecast a revenue increase of 12% for fiscal year 2024, with an expected EPS of $11.49.

Comparing EOG’s returns to the S&P 500 and Trefis Reinforced Value Portfolio, EOG has seen a 1% return year-to-date in 2024. The company’s total returns since 2017 stand at 51%. Investors can explore Trefis Market-Beating Portfolios for investment opportunities.



Read more at Nasdaq: What’s Next For EOG’s Stock?