Following narrow-moat-rated EOG's first-quarter results, we raise our fair value estimate by roughly 3% to $120. The raise was due to a slight production beat and time value of money. Total daily production came in at nearly 1,029 thousand barrels of oil equivalent relative to guidance of 1,020 mboe/d.
EOG remains among the most technically proficient operators in the business. Initial production rates from its shale wells consistently exceed industry averages.
The double premium portion of EOG's inventory could run out after 10-15 years if the company fails to replace the locations it drills with new opportunities.
|
Metric
|
EOG
|
OXY
|
DVN
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.73 | 19.43 | 9.12 |
Price/Book Value | 2.57 | 2.47 | 2.56 |
Price/Sales | 3.17 | 2.22 | 2.09 |
Price/Cash Flow | 6.46 | 5.48 | 4.77 |
|
Metric
|
EOG
|
OXY
|
DVN
|
|---|---|---|---|
Quick Ratio | 1.96 | 0.52 | 0.83 |
Current Ratio | 2.44 | 0.95 | 1.07 |
Interest Coverage | 64.84 | 6.61 | 13.38 |
|
Metric
|
EOG
|
OXY
|
DVN
|
|---|---|---|---|
Return on Assets (Normalized) | 16.00% | 4.28% | 14.30% |
Return on Equity (Normalized) | 25.23% | 14.61% | 29.77% |
Return on Invested Capital (Normalized) | 21.58% | 7.35% | 20.25% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
COP
| ConocoPhillips | Kdrftwvsqg | Zmdzjc | $140.1 Bil | |
OXY
| Occidental Petroleum Corp | Bznwfqfd | Rjbp | $55.7 Bil | |
HES
| Hess Corp | Blttbytxnc | Mkgpf | $48.2 Bil | |
FANG
| Diamondback Energy Inc | Vmytcvcgh | Fbydv | $34.7 Bil | |
DVN
| Devon Energy Corp | Gcsbxlkj | Xmqvmpf | $31.1 Bil | |
MRO
| Marathon Oil Corp | Sxxqvrhzv | Hmrh | $14.7 Bil | |
APA
| APA Corp | Dhtlzqq | Pgr | $11.3 Bil | |
AR
| Antero Resources Corp | Pyxyzxnb | Gtprw | $10.6 Bil | |
RRC
| Range Resources Corp | Krjqyklzm | Dwpt | $9.0 Bil |
