EOG Resources (EOG) Valuation Update - May 5

[dan_s]

EOG closed at $130.05 on May 3

I have increased my valuation by $5 to $151 per share based on Q1 results that beat my forecast and the Company's updated valuation.

EOG is the largest company in the Sweet 16. Despite its size, it is easy for me to forecast future results because the Company provides accurate guidance. EOG's actual results beat their guidance on a regular basis.

TipRanks: "In the last 3 months, 22 ranked analysts set 12-month price targets for EOG. The average price target among the analysts is $147.63. The 22 price targets range from $124 to $169 per share." < The six price targets that have been updated since EOG announced Q1 results range from $155 to $169.

Today EOG holds over 5 billion BOE of proved reserves and it has a pristine balance sheet.