EOG Resources (NYSE: EOG) reviewed 10-15-2020
Market Cap: $22.17 Billion (USD) Share Price: $38.08 (USD) Ex-Div: Oct 15
Stock chart: https://www.investing.com/equities/eog-resources-chart
Shares outstanding: 582,386,619
Cash & cash equivalents: $2.416 Billion (USD) at 30 Jun 2020
Debt: $5.7 Billion (USD) at 30 Jun 2020
Insiders: Low Institutional: 1262 hold approx. 89% of the float
Website: eogresources.com
Investor presentation: http://investors.eogresources.com/Investors
CEO: Bill Thomas HQs: Houston, TX
EOG Resources is a diverse energy producer with operations in the Permian Basin, Eagle Ford, DJ Basin, Anadarko, Upper Gulf Coast, Williston, and Powder River basins, in the US. Has a 500 Billion cf (Net) natural gas discovery in Trinidad & Tobago
The company was named Enron Oil & Gas Company before its separation from Enron in 1999
EOG Resources suffered an approx. 33 MBOPD shut-in in Q2 2020 with an average realized oil price of only $20.40 per barrel
The company expects $40 bbl oil in Q3 and Q4 and maintains that it is profitable at that price
2020 production is expected to come in at 730-765 thousand barrels of oil equivalent per day
Reported a loss (GAAP) of ($1.57) per share on revenues of $1.1 Billion, down 76% year-over-year, and lower oil production of 623.4 thousand barrels per day
Bottom Line:
- Shares are down 44.8% year over year; however, investors like the Earnings Growth Rate of +10.3% in the past 5 years vs. +0.4% for the industry. Nest 5 years +8.4% EGR is expected
- Strong fundamentals
No position, but will definitely consider it in 2021 if and when vaccines and therapies begin to soften the pandemic impact including the energy demand destruction of 2020