Evaluate the expected performance of EOG Resources (EOG) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
A stock's dividend yield is a key metric to consider when shopping for long-term, sustainable income picks. Dividend payments are a delicate dance for investors; offering a dividend that's too high could put the future of the company at risk while cutting dividends too severely could put off long-term investors.
EOG Resources is a $76.3 billion market cap company that pays a fixed dividend of 2.9%. It has a large share buyback program and sometimes pays an additional variable dividend. The company explores for and produces hydrocarbons primarily from the Permian and Eagle Ford basins. EOG's growth plans in the Permian and the Utica suggest a solid operational focus.
EOG Resources (EOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here is how EOG Resources (EOG) and Sunoco LP (SUN) have performed compared to their sector so far this year.
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As Trump's tariffs disrupt the oil and gas trade, EOG Resources, Cheniere Energy and ExxonMobil stand to gain.
New tariffs on Canadian oil will raise U.S. gas prices but boost profits for U.S. oil companies like EOG Resources. EOG Resources benefits from strong assets, reduced breakeven prices, and significant free cash flow, supporting its high dividend and share repurchases. EOG Resources' growth strategy includes increasing production efficiency and maintaining strong financial health, ensuring robust shareholder returns.
Here is how EOG Resources (EOG) and Sunoco LP (SUN) have performed compared to their sector so far this year.
It would be wise to focus on EOG & MTDR stocks, as the crude price is favorable, despite BKR's weekly rig count report stating that the tally is declining.
Favorable oil prices are aiding EOG. However, as an upstream company, it is highly exposed to extreme volatility in commodity prices.
It is advisable to focus on companies like EOG Resources, ConocoPhillips & ExxonMobil, which have significant upstream operations in key shale plays.