EOG Resources, Inc. (NYSE: EOG): Reassessing Prospects

EOG Resources, Inc. (EOG) concluded trading on Thursday at a closing price of $114.25, with 2.98 million shares of worth about $340.71 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.02% during that period and on Thursday the price saw a gain of about 2.92%. Currently the company’s common shares owned by public are about 587.70M shares, out of which, 580.88M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 124 times over the past 12 months. They bought 156,685 shares in 82 of the transactions. In 42 selling transactions, insiders dumped 99,803 shares.

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Stock saw a price change of 1.05% in past 5 days and over the past one month there was a price change of 3.27%. Year-to-date (YTD), EOG shares are showing a performance of -5.54% which decreased to -12.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $97.27 but also hit the highest price of $135.06 during that period. The average intraday trading volume for EOG Resources, Inc. shares is 3.26 million. The stock is currently trading 1.75% above its 20-day simple moving average (SMA20), while that difference is down -1.88% for SMA50 and it goes to -4.64% lower than SMA200.

EOG Resources, Inc. (NYSE: EOG) currently have 587.70M outstanding shares and institutions hold larger chunk of about 90.52% of that.

The stock has a current market capitalization of $66.62B and its 3Y-monthly beta is at 1.40. PE ratio of stock for trailing 12 months is 8.49, while it has posted earnings per share of $13.46 in the same period. Its PEG reads 0.15 and has Quick Ratio of 2.10 while making debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EOG, volatility over the week remained 2.73% while standing at 2.23% over the month.

Analysts are in expectations that EOG Resources, Inc. (EOG) stock would likely to be making an EPS of $EOG Resources, Inc. in the current quarter, while forecast for next quarter EPS is $114.25 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Harley-Davidson, Inc. which is $Everest Group, Ltd. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Northern Oil and Gas, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -13.86% while it is estimated to increase by 0.98% in next year. EPS is likely to grow at an annualized rate of 54.90% for next 5-years, compared to annual growth of 24.27% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on January 05, 2024 offering a Neutral rating for the stock and assigned a target price range of between $147 and $140 to it.

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