At the time of this post EOG was trading for $107. I have adjusted my forecast/valuation model and I have lowered my valuation by $4 to $172, just because the big cash settlements they paid in Q2 to terminate a lot of Bad Hedges lowers this year's operating cash flow.
TipRanks: "In the last 3 months, 20 ranked analysts set 12-month price targets for EOG. The average price target among the analysts is $152.14. The 20 price targets range from $119 to $182."
EOG is the largest company in the Sweet 16. It generates solid production growth year-after-year that is fully funded by operating cash flow. It pays a nice quarterly dividend that should continue to go up since they are on pace to generate over $8 billion of FCF this year.
EOG Resources (EOG) Valuation Update - Aug 5
EOG Resources (EOG) Valuation Update - Aug 5
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group