- EOG Resources increases its quarterly dividend by 4.6%, raising it to $1.02 per share with a forward yield of 3.71%.
- Analysts forecast an average price target of $136.59 for EOG, representing a 24.31% potential upside.
- GuruFocus estimates suggest a GF Value potential upside of 9.1% for EOG.
Increasing Dividend: A Positive Signal for Investors
EOG Resources (EOG, Financial) has announced a 4.6% boost to its quarterly dividend, now offering $1.02 per share, up from $0.97. This enhancement elevates the forward yield to 3.71%. Investors can anticipate the dividend payout on October 31, with the ex-dividend date and record date set for October 17.
Analyst Insights: Price Targets and Stock Performance
According to insights from 28 analysts, the one-year price target for EOG Resources Inc (EOG, Financial) averages at $136.59. This includes a high projection of $156.00 and a lower boundary at $118.00. The consensus suggests a significant upside potential of 24.31% from the current stock price of $109.88. For more in-depth price targets, visit the EOG Resources Inc (EOG) Forecast page.
Brokerage Recommendations: EOG's Outperforming Status
The consensus recommendation from 32 brokerage firms places EOG Resources Inc with an average brokerage recommendation of 2.2, categorizing it as "Outperform." On this rating scale, 1 indicates a Strong Buy, while 5 signifies a Sell.
GuruFocus Valuation: The GF Value Perspective
GuruFocus provides an estimated GF Value for EOG Resources Inc (EOG, Financial) at $119.88 over the next year. This estimate points to a 9.1% potential upside from the current share price of $109.88. The GF Value reflects GuruFocus' evaluation of the fair trading value, grounded in historical multiples, past business growth, and future business performance forecasts. Further analysis is available on the EOG Resources Inc (EOG) Summary page.
