EOG Resources (EOG) Valuation Update - May 8

Post Reply
dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

EOG Resources (EOG) Valuation Update - May 8

Post by dan_s »

I have updated my forecast/valuation model for EOG for their outstanding Q1 results and fresh guidance. My valuation increases by $2 to $157.

EOG closed today at $114.36.

TipRanks: "In the last 3 months, 20 ranked analysts set 12-month price targets for EOG. The average price target among the analysts is $147.52."

Six analysts have updated their price targets since EOG released Q1 results. Their price targets range from $137 to $171.

EOG is going to generate over $5Billion of free cash flow this year.
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

Re: EOG Resources (EOG) Valuation Update - May 8

Post by dan_s »

This is from AEGIS Notes

EOG Resources may delay gas well completions due to price environment (Reuters)
The US gas producer said on Friday that they might delay completions in the Dorado gas play in Texas due to low natural gas prices
However, the company also noted that oilfield inflation has shown signs of leveling off and that well costs should increase no more than 10% in 2023
With natural gas prices down more than 50% so far this year, several public producers have guided towards flat production and reduced drilling activity

Market Forces are working to rebalance the U.S. natural gas market.
Dan Steffens
Energy Prospectus Group
Post Reply