EOG Resources (EOG) Valuation Update - May 7
Posted: Sat May 07, 2022 11:42 am
EOG closed on May 6 at $132.22. I have updated my forecast/valuation model for their Q1 actuals and their guidance, which looks conservative to me. EOG consistently beats the mid-point of their guidance.
My valuation increases by $8 to $176/share.
EOG is the largest company in the Sweet 16 by a wide margin. It has a market-cap $77 Billion. At current oil, gas and NGL prices their proved reserves probably have a PV10 value of at least that much.
My valuation increases by $8 to $176/share.
EOG is the largest company in the Sweet 16 by a wide margin. It has a market-cap $77 Billion. At current oil, gas and NGL prices their proved reserves probably have a PV10 value of at least that much.