EOG Resources, Inc (NYSE: EOG) Not A Good Play Anymore?

EOG Resources, Inc (EOG) concluded trading on Wednesday at a closing price of $124.94, with 3.48 million shares of worth about $434.69 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.69% during that period and on Wednesday the price saw a gain of about 1.93%. Currently the company’s common shares owned by public are about 557.21M shares, out of which, 552.42M shares are available for trading.

Stock saw a price change of 0.54% in past 5 days and over the past one month there was a price change of -4.58%. Year-to-date (YTD), EOG shares are showing a performance of 1.93% which increased to 1.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $115.78 but also hit the highest price of $139.67 during that period. The average intraday trading volume for EOG Resources, Inc shares is 3.31 million. The stock is currently trading -0.99% below its 20-day simple moving average (SMA20), while that difference is down -3.21% for SMA50 and it goes to -1.46% lower than SMA200.

EOG Resources, Inc (NYSE: EOG) currently have 557.21M outstanding shares and institutions hold larger chunk of about 93.30% of that.

The stock has a current market capitalization of $69.21B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 11.13, while it has posted earnings per share of $11.23 in the same period. Its PEG reads 4.97 and has Quick Ratio of 1.91 while making debt-to-equity ratio of 0.20. 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 2.53% while standing at 2.73% over the month.

Stock’s fiscal year EPS is expected to drop by -3.49% while it is estimated to increase by 7.08% in next year. EPS is likely to shrink at an annualized rate of 2.24% for next 5-years, compared to annual growth of 19.03% 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 RBC Capital Mkts on February 12, 2025 offering an Outperform rating for the stock and assigned a target price range of between $150 and $155 to it. Coverage by BofA Securities stated EOG Resources, Inc (EOG) stock as a Neutral in their note to investors on January 13, 2025, suggesting a price target of $144 for the stock. On January 03, 2025, Wolfe Research Upgrade their recommendations, while on December 17, 2024, Wells Fargo Upgrade their ratings for the stock with a price target of $150. Stock get a Neutral rating from Piper Sandler on November 18, 2024.

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