On 24 Dec 2019, EOG Resources, Inc stock identified change of 30.28% away from 52-week low price and recently located move of -22.32% off 52-week high price. EOG stock has been recorded 15.02% away from 50 day moving average and 0.89% away from 200 day moving average. Moving closer, we can see that shares have been trading 11.33% off 20-day moving average. The Basic Materials sector company, EOG Resources, Inc. noticed change of 0.52% to $83.81 along volume of 1236187 shares in recent session compared to an average volume of 4271.81K.
EOG Resources, Inc. (EOG) recently stated third quarter 2019 net income of $615M, or $1.06 per share, contrast with third quarter 2018 net income of $1.2B, or $2.05 per share. Net cash provided by operating activities for the third quarter 2019 was $2.1B.
Adjusted non-GAAP net income for the third quarter 2019 was $654M, or $1.13 per share, contrast with adjusted non-GAAP net income of $1.0B, or $1.75 per share, for the same previous year period. Please refer to the attached tables for the reconciliation of non-GAAP measures to GAAP measures.
Third Quarter 2019 Operating Review
Total crude oil volumes of 464,100 barrels of oil per day (Bopd) in the third quarter 2019 increased 12 percent contrast to the same previous year period and were above the high end of the target range. Natural gas liquids (NGLs) and natural gas volumes each grew 11 percent. EOG incurred total expenditures of $1.6B in the third quarter. Cash capital expenditures before acquisitions of $1.5B were near the low end of the target range. Please refer to the attached tables for the reconciliation of non-GAAP measures to GAAP measures.
EOG continued to lower operating costs during the third quarter 2019. Per-unit transportation costs declined nine percent contrast to the same prior-year period, depreciation, depletion and amortization expenses fell seven percent year-over-year, and lease and well expenses declined three percent year-over-year.
EOG generated $2.0B of discretionary cash flow in the third quarter 2019. After considering cash capital expenditures before acquisitions of $1.5B and dividend payments of $166M, EOG generated free cash flow during the third quarter 2019 of $337M. Please refer to the attached tables for the reconciliation of non-GAAP measures to GAAP measures.
“EOG’s operating performance has never been better. The company generated outstanding financial results in the third quarter driven by improvements in every area,” stated William R. “Bill” Thomas, Chairman and Chief Executive Officer. “We reduced operating expenses, grew volumes at double-digit rates while lowering well costs and generated substantial free cash flow. EOG has never been in a better position to sustain this success long into the future.”
EOG’s shares are at 9.17% for the quarter and driving a 1.15% return over the course of the past year and is now at -3.90% since this point in 2018. The average volatility for the week at 2.33% and for month was at 2.67%. There are 571.84M shares outstanding and 571.84M shares are floated in market. Right now, the stock beta is 1.4.
