EOG Resources (EOG) Update - Jan 7

[dan_s]

I have updated my forecast/valuation model for EOG and it will be posted to the EPG Website late this afternoon.

At the time of this post, EOG is trading for $58.33. Current dividend is $1.50 per year.

None of EOG 's oil is hedged and ~40% of their natural gas is hedged at $2.99 for 2021. None of their production was hedged for Q4 2020.
EOG's Trinidad gas sells are a nice premium to U.S. gas prices.

Primarily due to the higher oil prices that I am now using for 2H 2021 and 2022 my valuation of EOG increases by $3.00 to $78.00.

TipRanks shows that 9 energy sector analysts have published new reports and price targets for EOG since December 1. Their price targets range from $56 to $90.

This morning, TD Securities analyst Menno Hulshof assumed coverage of EOG Resources with a Buy rating with a price target of $65.
On 12/31/2020 Stifel rated it a BUY with a price target of $90.00
There are 34 analysts' reports included in First Call's price target of $64.09. 25 are older than 12/1/2020.