EOG Resources Inc. ($EOG) Stock Forecast: Down 2.7% Today

What is EOG Resources Inc.?

EOG Resources (EOG) Market: The energy sector has been volatile this year, with fluctuating oil and gas prices impacting the performance of companies in the industry.

Why is EOG Resources Inc. going down?

EOG stock is down 2.7% on Mar 3, 2025 18:28

• EOG stock had a bearish movement today despite beating earnings estimates, as the revenue miss was attributed to decreased realizations for crude oil, condensates, and natural gas prices.
• The decline in EOG's stock price could also be influenced by the overall performance of the energy sector, as highlighted by the comparison with its peers.
• The increase in short interest in EOG Resources could have added selling pressure on the stock, contributing to the bearish movement despite positive earnings results.
• The negative impact of lower segment EBITDA and lagging revenues in the pressure control segment for companies like Cactus and Vista Energy may have added to the bearish sentiment in the energy sector, affecting EOG's stock price negatively.

EOG Price Chart

EOG Technical Analysis

EOG News

Is EOG Resources ( EOG ) Stock Outpacing Its Oils-Energy Peers This Year?

Here is how EOG Resources (EOG) and CrossAmerica Partners (CAPL) have performed compared to their sector so far this year.

https://www.zacks.com/stock/news/2424385/is-eog-resources-eog-stock-outpacing-its-oils-energy-peers-this-year

Vista Energy's Shares Decline 1.4% on Q4 Earnings Miss

While higher lifting expenses hurt VIST's Q4 earnings, increased production partially offsets the negative.

https://www.zacks.com/stock/news/2424217/vista-energys-shares-decline-14-on-q4-earnings-miss

Cactus Q4 Earnings and Revenues Lag Estimates on Lower Segment EBITDA

WHD Q4 earnings and revenues lag estimates on decreased revenues from the Pressure Control segment. The company expects U.S. land activity level in the first quarter to be flat sequentially.

https://www.zacks.com/stock/news/2423575/cactus-q4-earnings-and-revenues-lag-estimates-on-lower-segment-ebitda

EOG Q4 Earnings Beat Estimates on Oil Equivalent Production Hike

EOG Resources' Q4 earnings beat estimates on higher production. However, the revenue miss reflects the negative impact of decreased realizations for crude oil, condensates and natural gas prices.

https://www.zacks.com/stock/news/2423465/eog-q4-earnings-beat-estimates-on-oil-equivalent-production-hike

Looking Into EOG Resources's Recent Short Interest - EOG Resources ( NYSE:EOG )

EOG Resources's EOG short percent of float has fallen 10.04% since its last report. The company recently reported that it has 12.05 million shares sold short, which is 2.15% of all regular shares that are available for trading.

https://www.benzinga.com/insights/short-sellers/25/02/43984831/looking-into-eog-resourcess-recent-short-interest

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EOG Resources Inc. Price History

05.09.2023 - EOG Stock was down 5.1%

• Today, EOG experienced a strong bearish movement, possibly influenced by the following factors:
• 1. Declining Permian Oil Drilling Rig Count: The recent two-week decline in oil and gas rigs in the Permian Basin, as reported by Baker Hughes, may have signaled a decrease in drilling activity and production potential, negatively impacting EOG's prospects.
• 2. Unusual Options Activity: The appearance of a large bearish position in EOG Resources' publicly available options history suggests that a significant investor or institution has taken a pessimistic stance on the company, potentially influencing market sentiment.
• 3. Market Comparison with Canadian Natural Resources: The article highlighting the comparison between EOG Resources and Canadian Natural Resources may have drawn attention to the performance of both companies, leading investors to reassess their positions and potentially contributing to the bearish movement in EOG's stock.
• 4. Overall Market Conditions: Although not explicitly mentioned in the provided articles, broader market conditions and sentiment can also impact the movement of individual stocks. If the overall market experienced a bearish trend, it could have influenced EOG's downward movement as well.
• Please note that the provided assessment is based on the given information and should be considered as a speculative analysis.

17.10.2023 - EOG Stock was up 5.1%

• 1. EOG had a strong bullish movement today.
• 2. The positive sentiment towards the energy sector, along with handsome oil prices, could have contributed to EOG's bullish movement.
• 3. Despite the positive industry rank and analyst outlook, EOG's shares dipped, which might be due to the overall decline in oil prices.
• 4. The earnings beat estimates for Diamondback Energy (FANG), another company in the energy sector, could have also had a positive influence on the sentiment towards EOG.

09.09.2023 - EOG Stock was up 5.1%

• EOG Resources (EOG) had a strong bullish movement today.
• The decline in the Permian oil drilling rig count may have contributed to the bullish movement as it could indicate a potential tightening of supply in the region.
• The positive earnings surprise history and expectations of a beat in the next quarterly report may have also influenced the bullish sentiment.
• The mention of EOG Resources in various articles highlighting energy stocks expected to beat Q3 earnings could have further boosted investor confidence in the company.

16.10.2023 - EOG Stock was down 3.3%

• The bearish movement in EOG's stock today could be attributed to the overall market sentiment and the following factors:
• 1. Lower-than-expected Q3 earnings from Diamondback Energy (FANG) and APA Corporation (APA) may have raised concerns about the profitability of the energy sector, including EOG.
• 2. Shell's (SHEL) ongoing dispute with Greenpeace and the potential damages claim could have created negative sentiment around the oil and gas industry, impacting EOG's stock.
• 3. The lack of any significant positive news or developments specific to EOG in the provided articles may have contributed to the bearish movement.
• 4. The absence of any noteworthy updates from EOG's participation in the BofA Securities Global Energy Conference may have failed to generate investor optimism, leading to the downward movement in the stock.

03.10.2023 - EOG Stock was up 5.5%

• EOG Resources reported Q3 earnings and revenues that beat estimates, indicating strong financial performance.
• The company's non-GAAP EPS of $3.44 exceeded expectations, and its revenue of $6.21B also surpassed estimates.
• EOG Resources raised its quarterly dividend by 10.3%, which is a positive signal for investors.
• Despite a decrease in Q3 profit compared to the same period last year, EOG Resources still managed to beat Street estimates.
• Overall, the bullish movement in EOG Resources' stock today can be attributed to its strong financial performance, exceeding earnings and revenue expectations, as well as the dividend increase, which indicates confidence in the company's future prospects.

08.10.2024 - EOG Stock was up 5.4%

• EOG Resources surpassed Q3 earnings expectations, demonstrating robust financial performance.
• The better-than-expected earnings may have heightened investor confidence in the company's future outlook.
• This impressive financial performance potentially resulted in heightened purchasing activity for EOG shares, contributing to today's bullish trend.

06.10.2024 - EOG Stock was up 5.0%

• EOG stock showed a robust upward trend today despite anticipated Q3 earnings decline.
• The market's positive response could be attributed to potential cost-saving strategies, improved production efficiency, or general industry trends.
• Investors seem to be considering EOG's long-term growth potential and strategic endeavors rather than short-term earnings projections.
• This bullish activity may also reflect the optimistic sentiment prevailing in the energy sector and broader market conditions.

06.10.2024 - EOG Stock was up 5.0%

• Despite expectations of a decline in Q3 earnings, EOG Resources experienced a strong bullish movement today, reflecting potential market optimism and confidence in the company's future.
• Investors may have been pleasantly surprised by positive factors such as revenue growth, cost-cutting measures, and future production outlook, driving the bullish market movement.
• The unexpected bullish trend could also be influenced by broader market factors, industry trends, or macroeconomic conditions, highlighting the dynamic and sometimes unpredictable nature of stock market movements.

28.01.2025 - EOG Stock was down 5.0%

• Today's bearish movement in EOG stock can be attributed to a combination of factors:
• Despite surpassing earnings estimates with increased production, a revenue miss due to lower realizations for crude oil, condensates, and natural gas prices likely impacted investor sentiment.
• A recent decrease in short interest may have also influenced the stock's downward movement, indicating decreased market confidence.
• Comparisons with other energy companies like Devon Energy could have raised concerns about EOG's valuation, prompting investors to take profits.
• Challenging market conditions, including declining natural gas prices and sluggish LNG demand, might have contributed to the negative pressure on EOG's stock price.

03.02.2025 - EOG Stock was down 2.7%

• EOG stock had a bearish movement today despite beating earnings estimates, as the revenue miss was attributed to decreased realizations for crude oil, condensates, and natural gas prices.
• The decline in EOG's stock price could also be influenced by the overall performance of the energy sector, as highlighted by the comparison with its peers.
• The increase in short interest in EOG Resources could have added selling pressure on the stock, contributing to the bearish movement despite positive earnings results.
• The negative impact of lower segment EBITDA and lagging revenues in the pressure control segment for companies like Cactus and Vista Energy may have added to the bearish sentiment in the energy sector, affecting EOG's stock price negatively.