EOG Net Tangible Assets vs Capital Stock Analysis

EOG Stock

USD 135.70 0.34 0.25%

EOG Resources financial indicator trend analysis is much more than just examining EOG Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EOG Resources is a good investment. Please check the relationship between EOG Resources Net Tangible Assets and its Capital Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EOG Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in EOG Stock please use our How to Invest in EOG Resources guide.

Net Tangible Assets vs Capital Stock

Net Tangible Assets vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EOG Resources Net Tangible Assets account and Capital Stock. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between EOG Resources' Net Tangible Assets and Capital Stock is 0.52. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of EOG Resources, assuming nothing else is changed. The correlation between historical values of EOG Resources' Net Tangible Assets and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of EOG Resources are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Tangible Assets i.e., EOG Resources' Net Tangible Assets and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Most indicators from EOG Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EOG Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EOG Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in EOG Stock please use our How to Invest in EOG Resources guide.At this time, EOG Resources' Enterprise Value Over EBITDA is most likely to slightly decrease in the upcoming years. The EOG Resources' current Enterprise Value Multiple is estimated to increase to 5.93, while Sales General And Administrative To Revenue is projected to decrease to 0.03.

	2021	2022	2023	2024 (projected)
Gross Profit	14.3B	24.0B	17.6B	18.5B
Total Revenue	19.7B	29.5B	23.2B	24.3B

Gross Profit Total Revenue

EOG Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.43	0.44	0.9	0.97	0.97	-0.28	0.95	0.87	0.78	0.98	0.74	0.78	0.92	0.3	0.57	0.85	0.74	0.78	0.67	0.88	0.44	0.75	0.57	0.57	0.71
Short Long Term Debt Total	0.43		0.18	0.3	0.24	0.59	0.65	0.16	0.47	-0.07	0.56	-0.06	-0.07	0.22	0.64	0.94	0.1	0.02	0.39	0.88	0.03	0.12	-0.04	-0.17	-0.17	0.21
Other Current Liab	0.44	0.18		0.65	0.44	0.34	-0.4	0.39	0.37	0.61	0.35	0.41	0.61	0.56	0.43	0.25	0.35	0.47	0.49	0.41	0.59	0.6	0.07	-0.02	-0.02	0.35
Total Current Liabilities	0.9	0.3	0.65		0.9	0.84	-0.39	0.88	0.85	0.78	0.86	0.8	0.78	0.95	0.39	0.43	0.81	0.75	0.74	0.61	0.87	0.7	0.55	0.38	0.38	0.59
Total Stockholder Equity	0.97	0.24	0.44	0.9		0.91	-0.45	0.98	0.8	0.86	0.93	0.85	0.86	0.94	0.23	0.38	0.9	0.79	0.79	0.51	0.93	0.48	0.82	0.68	0.68	0.76
Property Plant And Equipment Net	0.97	0.59	0.34	0.84	0.91		-0.06	0.88	0.88	0.62	1.0	0.61	0.62	0.84	0.35	0.69	0.78	0.64	0.74	0.76	0.74	0.37	0.67	0.48	0.48	0.65
Net Debt	-0.28	0.65	-0.4	-0.39	-0.45	-0.06		-0.49	-0.09	-0.79	-0.1	-0.63	-0.79	-0.44	0.18	0.44	-0.44	-0.53	-0.26	0.27	-0.69	-0.28	-0.48	-0.54	-0.54	-0.38
Retained Earnings	0.95	0.16	0.39	0.88	0.98	0.88	-0.49		0.82	0.85	0.89	0.8	0.85	0.93	0.13	0.33	0.94	0.81	0.66	0.46	0.94	0.4	0.85	0.73	0.73	0.66
Accounts Payable	0.87	0.47	0.37	0.85	0.8	0.88	-0.09	0.82		0.54	0.87	0.48	0.54	0.86	0.28	0.61	0.76	0.69	0.48	0.7	0.7	0.32	0.52	0.35	0.35	0.3
Cash	0.78	-0.07	0.61	0.78	0.86	0.62	-0.79	0.85	0.54		0.65	0.81	1.0	0.8	0.12	0.14	0.74	0.76	0.67	0.29	0.97	0.42	0.71	0.63	0.63	0.71
Non Current Assets Total	0.98	0.56	0.35	0.86	0.93	1.0	-0.1	0.89	0.87	0.65		0.66	0.65	0.86	0.35	0.66	0.8	0.66	0.77	0.73	0.77	0.4	0.69	0.5	0.5	0.67
Non Currrent Assets Other	0.74	-0.06	0.41	0.8	0.85	0.61	-0.63	0.8	0.48	0.81	0.66		0.81	0.79	0.22	0.03	0.72	0.64	0.79	0.21	0.82	0.69	0.68	0.59	0.59	0.77
Cash And Short Term Investments	0.78	-0.07	0.61	0.78	0.86	0.62	-0.79	0.85	0.54	1.0	0.65	0.81		0.8	0.12	0.14	0.74	0.76	0.67	0.29	0.97	0.42	0.71	0.63	0.63	0.71
Net Receivables	0.92	0.22	0.56	0.95	0.94	0.84	-0.44	0.93	0.86	0.8	0.86	0.79	0.8		0.26	0.35	0.89	0.81	0.71	0.51	0.91	0.52	0.7	0.56	0.56	0.6
Common Stock Shares Outstanding	0.3	0.64	0.43	0.39	0.23	0.35	0.18	0.13	0.28	0.12	0.35	0.22	0.12	0.26		0.68	0.02	0.06	0.48	0.77	0.14	0.44	-0.15	-0.1	-0.1	0.27
Non Current Liabilities Total	0.57	0.94	0.25	0.43	0.38	0.69	0.44	0.33	0.61	0.14	0.66	0.03	0.14	0.35	0.68		0.22	0.18	0.41	0.97	0.22	0.09	0.1	-0.01	-0.01	0.24
Inventory	0.85	0.1	0.35	0.81	0.9	0.78	-0.44	0.94	0.76	0.74	0.8	0.72	0.74	0.89	0.02	0.22		0.77	0.52	0.34	0.86	0.42	0.84	0.75	0.75	0.57
Other Current Assets	0.74	0.02	0.47	0.75	0.79	0.64	-0.53	0.81	0.69	0.76	0.66	0.64	0.76	0.81	0.06	0.18	0.77		0.49	0.31	0.83	0.33	0.55	0.56	0.56	0.46
Other Stockholder Equity	0.78	0.39	0.49	0.74	0.79	0.74	-0.26	0.66	0.48	0.67	0.77	0.79	0.67	0.71	0.48	0.41	0.52	0.49		0.53	0.68	0.62	0.51	0.36	0.36	0.89
Total Liab	0.67	0.88	0.41	0.61	0.51	0.76	0.27	0.46	0.7	0.29	0.73	0.21	0.29	0.51	0.77	0.97	0.34	0.31	0.53		0.38	0.29	0.15	0.04	0.04	0.32
Total Current Assets	0.88	0.03	0.59	0.87	0.93	0.74	-0.69	0.94	0.7	0.97	0.77	0.82	0.97	0.91	0.14	0.22	0.86	0.83	0.68	0.38		0.45	0.77	0.66	0.66	0.68
Short Term Debt	0.44	0.12	0.6	0.7	0.48	0.37	-0.28	0.4	0.32	0.42	0.4	0.69	0.42	0.52	0.44	0.09	0.42	0.33	0.62	0.29	0.45		0.11	0.01	0.01	0.48
Property Plant And Equipment Gross	0.75	-0.04	0.07	0.55	0.82	0.67	-0.48	0.85	0.52	0.71	0.69	0.68	0.71	0.7	-0.15	0.1	0.84	0.55	0.51	0.15	0.77	0.11		0.91	0.91	0.65
Common Stock Total Equity	0.57	-0.17	-0.02	0.38	0.68	0.48	-0.54	0.73	0.35	0.63	0.5	0.59	0.63	0.56	-0.1	-0.01	0.75	0.56	0.36	0.04	0.66	0.01	0.91		1.0	0.55
Common Stock	0.57	-0.17	-0.02	0.38	0.68	0.48	-0.54	0.73	0.35	0.63	0.5	0.59	0.63	0.56	-0.1	-0.01	0.75	0.56	0.36	0.04	0.66	0.01	0.91	1.0		0.55
Other Liab	0.71	0.21	0.35	0.59	0.76	0.65	-0.38	0.66	0.3	0.71	0.67	0.77	0.71	0.6	0.27	0.24	0.57	0.46	0.89	0.32	0.68	0.48	0.65	0.55	0.55

Click cells to compare fundamentals

EOG Resources Account Relationship Matchups

EOG Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	37.1B	35.8B	38.2B	41.4B	43.9B	46.0B
Short Long Term Debt Total	5.5B	6.1B	5.3B	5.4B	4.8B	3.1B
Other Current Liab	252.8M	279.6M	569M	1.4B	286M	225.3M
Total Current Liabilities	4.5B	3.5B	4.0B	5.5B	4.1B	4.3B
Total Stockholder Equity	21.6B	20.3B	22.2B	24.8B	28.1B	29.5B
Property Plant And Equipment Net	30.4B	28.6B	28.4B	29.4B	32.3B	33.9B
Net Debt	3.5B	2.8B	140M	(598M)	(478M)	(454.1M)
Retained Earnings	15.6B	14.2B	15.9B	18.5B	22.6B	23.8B
Accounts Payable	2.4B	1.7B	2.2B	2.5B	2.4B	2.6B
Cash	2.0B	3.3B	5.2B	6.0B	5.3B	5.5B
Non Current Assets Total	31.9B	29.9B	29.7B	30.9B	33.9B	35.6B
Non Currrent Assets Other	1.5B	1.3B	1.2B	1.4B	1.6B	1.7B
Cash And Short Term Investments	2.0B	3.3B	5.2B	6.0B	5.3B	5.5B
Net Receivables	2.2B	1.5B	2.3B	2.9B	2.7B	2.9B
Common Stock Shares Outstanding	580.4M	580.8M	578.9M	584M	587M	443.8M
Liabilities And Stockholders Equity	37.1B	35.8B	38.2B	41.4B	43.9B	46.0B
Non Current Liabilities Total	11.0B	12.0B	12.0B	11.1B	11.7B	6.3B
Inventory	767.3M	629.4M	584M	1.1B	1.3B	1.3B
Other Current Assets	323.4M	294.0M	456M	574M	560M	588M
Other Stockholder Equity	5.8B	5.9B	6.1B	6.1B	5.3B	5.5B
Total Liab	15.5B	15.5B	16.1B	16.6B	15.8B	8.1B
Total Current Assets	5.3B	5.9B	8.6B	10.5B	9.9B	10.4B
Short Term Debt	1.4B	1.1B	277M	1.6B	359M	406.3M
Property Plant And Equipment Gross	30.4B	28.6B	28.4B	29.4B	77.6B	81.5B
Accumulated Other Comprehensive Income	(4.7M)	(12.3M)	(12M)	(8M)	(9M)	(9.5M)
Common Stock Total Equity	205.8M	205.8M	205.8M	206M	236.9M	223.8M
Common Stock	205.8M	205.8M	205.8M	206M	236.9M	223.9M
Other Liab	6.4B	7.0B	6.9B	6.7B	7.7B	8.1B
Other Assets	713.7M	58.5B	59.5B	2.0B	2.3B	2.2B
Long Term Debt	4.2B	5.0B	5.1B	3.6B	3.6B	4.0B
Treasury Stock	(42.2M)	(26.5M)	(6.6M)	(20M)	(23M)	(24.2M)
Property Plant Equipment	30.4B	28.6B	28.4B	30.3B	34.8B	19.7B
Current Deferred Revenue	421.1M	423.2M	954M	992M	1.1B	1.2B
Net Tangible Assets	21.6B	20.3B	22.2B	24.8B	28.5B	18.1B
Retained Earnings Total Equity	15.6B	14.2B	15.9B	18.5B	21.2B	12.7B
Long Term Debt Total	4.2B	5.0B	5.1B	3.8B	3.4B	4.2B
Capital Surpluse	5.8B	5.9B	6.1B	6.2B	7.1B	4.3B

Pair Trading with EOG Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EOG Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EOG Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with EOG Stock

0.91	AR	Antero Resources Corp	Pair Corr
0.91	PR	Permian Resources Financial Report 13th of May 2024	Pair Corr
0.96	SD	SandRidge Energy	Pair Corr
0.93	SM	SM Energy	Pair Corr

Moving against EOG Stock

0.65

Empire Petroleum Corp

Pair Corr

The ability to find closely correlated positions to EOG Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EOG Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EOG Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EOG Resources to buy it.

The correlation of EOG Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EOG Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EOG Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for EOG Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether EOG Resources is a strong investment it is important to analyze EOG Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EOG Resources' future performance. For an informed investment choice regarding EOG Stock, refer to the following important reports:

How To Invest In EOG

Details

Is EOG Stock a good investment?

Details

What is EOG Resources' Net Worth?

Details

Largest Oil & Gas Exploration & Production Companies

View

Largest Oil & Gas E&P Companies

View

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EOG Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in EOG Stock please use our How to Invest in EOG Resources guide.

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for EOG Stock analysis

When running EOG Resources' price analysis, check to measure EOG Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EOG Resources is operating at the current time. Most of EOG Resources' value examination focuses on studying past and present price action to predict the probability of EOG Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EOG Resources' price. Additionally, you may evaluate how the addition of EOG Resources to your portfolios can decrease your overall portfolio volatility.

	Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
	Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules
	Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
	Portfolio Anywhere Track or share privately all of your investments from the convenience of any device
	Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
	Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators
	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets
	Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.

Is EOG Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EOG Resources. If investors know EOG will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EOG Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.12)

Dividend Share

3.385

Earnings Share

12.99

Revenue Per Share

40.057

Quarterly Revenue Growth

(0.07)

The market value of EOG Resources is measured differently than its book value, which is the value of EOG that is recorded on the company's balance sheet. Investors also form their own opinion of EOG Resources' value that differs from its market value or its book value, called intrinsic value, which is EOG Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EOG Resources' market value can be influenced by many factors that don't directly affect EOG Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between EOG Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if EOG Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EOG Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

EOG Net Tangible Assets vs Capital Stock Analysis

Net Tangible Assets vs Capital Stock

Net Tangible Assets vs Capital Stock Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Capital Stock

EOG Resources fundamental ratios Correlations

EOG Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

EOG Resources fundamental ratios Accounts

Pair Trading with EOG Resources

Moving together with EOG Stock

Moving against EOG Stock

Complementary Tools for EOG Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Stockholder Equity
Total Stockholder Equity	+ 0.97	Total Assets

Cash And Short Term Investments	- 0.79	Net Debt
Cash	- 0.79	Net Debt
Total Current Assets	- 0.69	Net Debt
Non Currrent Assets Other	- 0.63	Net Debt
Common Stock	- 0.54	Net Debt
Common Stock Total Equity	- 0.54	Net Debt