EOG Resources (EOG) Update - April 18
Posted: Mon Apr 18, 2022 1:10 pm
TipRanks: "In the last 3 months, 19 ranked analysts set 12-month price targets for EOG. The average price target among the analysts is $138.25. Since April 1st, five of the analysts have increased their price targets to an average of $148.80."
At the time of this post EOG was trading for $124.08.
I have updated my forecast/valuation model for EOG for my updated commodity price deck. My current valuation increases by $4 to $168/share.
EOG is the largest company in the Sweet 16 with a market-cap of more than $72 Billion.
> 2021 production was 828,617 Boepd, a 9.91% YOY increase.
> Per EOG's guidance (usually very conservative), the Company's production should be up 8.13% this year to 896,000 Boepd.
> ~30% if EOG's 2022 oil is hedged at $65.58 to $65.68. ~50% of their natural gas is hedged at $3.55. None of their NGLs (~190,000 bpd) are unhedged.
EOG is a "Cash Flow Machine": 2022 operating cash flow s/b ~$13.3 billion, which compares to their capex budget of $4.7 billion.
> For Q4 2021 the Company declared a regular dividend of $0.75 per share plus a special dividend of $1.00 per share. < Dividends will be going up.
At the time of this post EOG was trading for $124.08.
I have updated my forecast/valuation model for EOG for my updated commodity price deck. My current valuation increases by $4 to $168/share.
EOG is the largest company in the Sweet 16 with a market-cap of more than $72 Billion.
> 2021 production was 828,617 Boepd, a 9.91% YOY increase.
> Per EOG's guidance (usually very conservative), the Company's production should be up 8.13% this year to 896,000 Boepd.
> ~30% if EOG's 2022 oil is hedged at $65.58 to $65.68. ~50% of their natural gas is hedged at $3.55. None of their NGLs (~190,000 bpd) are unhedged.
EOG is a "Cash Flow Machine": 2022 operating cash flow s/b ~$13.3 billion, which compares to their capex budget of $4.7 billion.
> For Q4 2021 the Company declared a regular dividend of $0.75 per share plus a special dividend of $1.00 per share. < Dividends will be going up.