Latest news with #EOG
Yahoo
14 hours ago
- Business
- Yahoo
EOG strengthens Utica presence with $5.6bn acquisition deal
EOG Resources has entered into a definitive agreement to acquire Encino Acquisition Partners from the Canada Pension Plan Investment Board and Encino Energy for $5.6bn, including net debt. This move is set to transform EOG's standing in the Utica shale play, significantly expanding its net core acres. The acquisition will elevate EOG's Utica position to 1.1 million net acres, with undeveloped net resources of more than two billion barrels of oil equivalent per day (bboe/d). The deal is expected to be immediately accretive to EOG's net asset value and per-share financial metrics, enhancing annualised EBITDA (earnings before interest, taxes, depreciation and amortisation) by 10%, and cash flow from operations and free cash flow by 9%. EOG's acquisition of Encino's assets will expand its liquids-rich acreage in the volatile oil window by 235,000 net acres, creating a contiguous position of 485,000 net acres. It also adds 330,000 net acres in the natural gas window, with production exposed to premium markets. EOG's working interest in the northern acreage, where it has seen excellent well results, will increase by more than 20%. The operational expertise and increased scale from the acquisition are expected to generate more than $150m in synergies in the first year. These synergies will come from reduced capital, operating and debt financing costs. Additionally, the acquisition supports EOG's strategy of returning capital to shareholders, evidenced by a 5% increase in dividends. EOG's board of directors has declared a dividend of $1.02 per share, to be paid on 31 October 2025 to shareholders on record as of 17 October 2025. The annual rate indicated is $4.08. The transaction, expected to close in the second half of 2025, is subject to Hart-Scott-Rodino Act clearance and other customary conditions. EOG chairman and chief executive officer Ezra Y. Yacob said: "This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets. Encino's acreage improves the quality and depth of our Utica position, expanding EOG's multi-basin portfolio to more than 12 billion barrels of oil equivalent net resource.' "EOG strengthens Utica presence with $5.6bn acquisition deal" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Insider
a day ago
- Business
- Business Insider
Wells Fargo Remains a Buy on EOG Resources (EOG)
Wells Fargo analyst Roger Read maintained a Buy rating on EOG Resources (EOG – Research Report) on May 30 and set a price target of $146.00. Confident Investing Starts Here: Read covers the Energy sector, focusing on stocks such as Valero Energy, Devon Energy, and EOG Resources. According to TipRanks, Read has an average return of -0.2% and a 44.47% success rate on recommended stocks. In addition to Wells Fargo, EOG Resources also received a Buy from BMO Capital's Phillip Jungwirth in a report issued on May 30. However, on the same day, TD Cowen maintained a Hold rating on EOG Resources (NYSE: EOG). EOG market cap is currently $59.26B and has a P/E ratio of 10.08. Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EOG in relation to earlier this year. Most recently, in April 2025, Jeffrey R. Leitzell, the EVP & COO of EOG sold 4,037.00 shares for a total of $515,771.56.
Yahoo
2 days ago
- Business
- Yahoo
EOG Resources (NYSE:EOG) Declares US$1.02 Dividend As Acquisition Discussions Unfold
EOG Resources recently announced an increase in its quarterly dividend to $1.02 per share and engaged in discussions regarding a potential acquisition of Encino Acquisition Partners. Despite these developments, the company's stock price experienced a 1% decline over the past week, contrasting with the broader market's 2% rise. While the dividend announcement and the M&A discussions underscored EOG's strategic priorities, they likely added weight against the overall upward market trend. As such, the market's broader positive momentum was not fully realized in EOG's share performance for the week. EOG Resources has 1 weakness we think you should know about. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. EOG Resources' recent dividend hike and acquisition talks seem to align with their efforts to bolster future growth and operational efficiency. However, despite these actions, the company's stock price dropped by 1% over the past week amid a broader market rise. This short-term movement contrasts sharply with the longer-term performance, where EOG has delivered a remarkable 133.02% total return over five years. In the past year, however, EOG's stock underperformed compared to the broader U.S. Oil and Gas industry and the market, highlighting a challenging period within a year despite longer-term gains. The news could potentially influence revenue and earnings forecasts positively, especially with expected improvements in cash flow and increased natural gas production. However, possible oversupply and tariff issues remain concerns that could hinder revenue growth. Regarding the company's share price of US$108.72, it still trades significantly below the consensus analyst price target of US$135.47. This implies substantial upside potential if the company meets or exceeds future earnings and revenue expectations. Investors may find EOG currently undervalued, considering the analyst targets and recent performance. Gain insights into EOG Resources' outlook and expected performance with our report on the company's earnings estimates. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:EOG. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
EOG Resources (NYSE:EOG) Declares US$1.02 Dividend As Acquisition Discussions Unfold
EOG Resources recently announced an increase in its quarterly dividend to $1.02 per share and engaged in discussions regarding a potential acquisition of Encino Acquisition Partners. Despite these developments, the company's stock price experienced a 1% decline over the past week, contrasting with the broader market's 2% rise. While the dividend announcement and the M&A discussions underscored EOG's strategic priorities, they likely added weight against the overall upward market trend. As such, the market's broader positive momentum was not fully realized in EOG's share performance for the week. EOG Resources has 1 weakness we think you should know about. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. EOG Resources' recent dividend hike and acquisition talks seem to align with their efforts to bolster future growth and operational efficiency. However, despite these actions, the company's stock price dropped by 1% over the past week amid a broader market rise. This short-term movement contrasts sharply with the longer-term performance, where EOG has delivered a remarkable 133.02% total return over five years. In the past year, however, EOG's stock underperformed compared to the broader U.S. Oil and Gas industry and the market, highlighting a challenging period within a year despite longer-term gains. The news could potentially influence revenue and earnings forecasts positively, especially with expected improvements in cash flow and increased natural gas production. However, possible oversupply and tariff issues remain concerns that could hinder revenue growth. Regarding the company's share price of US$108.72, it still trades significantly below the consensus analyst price target of US$135.47. This implies substantial upside potential if the company meets or exceeds future earnings and revenue expectations. Investors may find EOG currently undervalued, considering the analyst targets and recent performance. Gain insights into EOG Resources' outlook and expected performance with our report on the company's earnings estimates. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:EOG. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
3 days ago
- Business
- Business Insider
BMO Capital Remains a Buy on EOG Resources (EOG)
In a report released today, Phillip Jungwirth from BMO Capital reiterated a Buy rating on EOG Resources (EOG – Research Report), with a price target of $135.00. The company's shares closed today at $108.57. Confident Investing Starts Here: Jungwirth covers the Energy sector, focusing on stocks such as Civitas Resources, Devon Energy, and Ovintiv. According to TipRanks, Jungwirth has an average return of 2.1% and a 42.86% success rate on recommended stocks. In addition to BMO Capital, EOG Resources also received a Buy from Roth MKM's Leo Mariani in a report issued today. However, on the same day, TD Cowen maintained a Hold rating on EOG Resources (NYSE: EOG). The company has a one-year high of $138.18 and a one-year low of $102.52. Currently, EOG Resources has an average volume of 4.16M. Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EOG in relation to earlier this year. Last month, Jeffrey R. Leitzell, the EVP & COO of EOG sold 4,037.00 shares for a total of $515,771.56.
