EOG Executing Well on 2018 Plan but Still Overvalued
Narrow-moat rated EOG delivered production of 660 mboe/d in the first quarter, which was within guidance but well above the midpoint. As such, the firm is well positioned to hit its full year growth target of 16%-20% without busting its capital budget of $5.4 million-$5.8 million. While management is sticking with both ranges for now, our updated projections show the company approaching the high end for production, while keeping spending near the low end. Overall operating expenses per-unit tick...EOG Resources, together with its subsidiaries, explores for, develops, produces and markets crude oil, natural gas liquids and natural gas primarily in main producing basins in the United States, The Republic of Trinidad and Tobago, The People's Republic of China, Canada and, from time to time, select other international areas.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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