EOG Resources, Inc. (NYSE: EOG) – Not A Clear Buying Opportunity?

EOG Resources, Inc. (EOG) concluded trading on Wednesday at a closing price of $124.98, with 2.66 million shares of worth about $332.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.41% during that period and on August 21, 2024 the price saw a loss of about -0.22%. Currently the company’s common shares owned by public are about 580.86M shares, out of which, 566.85M shares are available for trading.

Stock saw a price change of -1.23% in past 5 days and over the past one month there was a price change of 0.06%. Year-to-date (YTD), EOG shares are showing a performance of 3.33% which decreased to -2.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $108.94 but also hit the highest price of $139.67 during that period. The average intraday trading volume for EOG Resources, Inc. shares is 2.94 million. The stock is currently trading -0.68% below its 20-day simple moving average (SMA20), while that difference is down -0.44% for SMA50 and it goes to 1.52% higher than SMA200.

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EOG Resources, Inc. (NYSE: EOG) currently have 580.86M outstanding shares and institutions hold larger chunk of about 95.65% of that.

The stock has a current market capitalization of $71.06B and its 3Y-monthly beta is at 1.28. PE ratio of stock for trailing 12 months is 9.64, while it has posted earnings per share of $12.96 in the same period. Its PEG reads 1.30 and has Quick Ratio of 1.89 while making debt-to-equity ratio of 0.14. 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 1.73% while standing at 2.18% over the month.

Stock’s fiscal year EPS is expected to rise by 3.74% while it is estimated to increase by 1.63% in next year. EPS is likely to shrink at an annualized rate of 7.40% for next 5-years, compared to annual growth of 17.16% made by the stock over the past 5-years.

Coverage by Truist stated EOG Resources, Inc. (EOG) stock as a Hold in their note to investors on May 16, 2024, suggesting a price target of $136 for the stock. On April 11, 2024, Scotiabank Downgrade their recommendations, while on April 10, 2024, Barclays Initiated their ratings for the stock with a price target of $144. Stock get a Neutral rating from BofA Securities on January 05, 2024.

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