The Insider Activity Of EOG Resources Inc. (EOG) Is Worth Monitoring

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SNOW Stock

EOG Resources Inc. (NYSE:EOG) finished Thursday with a subtraction of -$8.69 to close at $109.66, a downside of -7.34 percent. An average of 2,387,779 shares of common stock have been traded in the last five days. There was a fall of -$12.09 in the past week, and it reached a new high 44 times over the past 12 months. The last 20 days have seen an average of 3,027,150 shares traded, while the 50-day average volume stands at 3,356,656.

EOG stock has decreased by -1.62% in the last month. The company shares reached their 1-month lowest point of $109.09 on 09/23/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $70.32 and a high of $144.20 in 52 weeks. It has reached a new high 34 times so far this year and achieved 37.91% or $20.53 in price. In spite of this, the price is down -23.95% from the 52-week high.

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Insider Transactions

112 days have passed since EOG Resources Inc. (EOG) last reported insider trading activity. Boedeker Kenneth W., who is EVP Exploration and Production, most recently acquired $1,006 shares at $142.32 per share on Jun 03. In this transaction, the insider spent $143,174. SVP & Chief Accounting Officer, Janssen Ann D., disposed of 1,905 shares at a price of $140.60 on Jun 02. The insider now owns more than $267,839 worth of shares. Prior to that, EVP & Chief Financial Officer DRIGGERS TIMOTHY K went on to Sale 3,484 shares at $135.51 each on May 27. An amount of $472,121 was transacted.

Valuation Metrics

EOG Resources Inc. (EOG) has a trailing price-to-earnings (P/E) ratio of 12.14. The stock’s beta is 1.54. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.17, the price-to-book (PB) ratio at 3.09, and the price-to-cash flow ratio at 21.58.

The company has a payout ratio of 27.20%. The company’s most recent quarterly dividend payment was $1.50 a share, representing a up of 100.0% from $0.75 last year. Its latest increase dividend $0.75 reported on Thursday August 4 2022.

Financial Health

The quick ratio of EOG Resources Inc. for the three months ended June 29 was 1.30, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.23 for the quarter ending June 29. Its gross profit as reported stood at $6.1 billion compared to revenue of $18.64 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, EOG Resources Inc.’s return on assets was 15.10%.

Earnings Surprise

For the three-month period that ended June 29, EOG Resources Inc. had $3.81 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.24 billion in the quarter, while revenues were grew 59.47%. The analyst consensus anticipated EOG Resources Inc.’s latest quarter earnings to come in at $2.63 per share, but it turned out to be $2.74, a 4.20% surprise. For the quarter, EBITDA amounted to $3.81 billion. Shareholders own equity worth $586.04 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at EOG Resources Inc. (EOG) price momentum. RSI 9-day as of the close on 22 September was 27.64%, suggesting the stock is oversold, with historical volatility in this time frame at 42.56%.

As of today, EOG’s price is $117.20 -9.79% or -$12.09 from its 5-day moving average. EOG is currently trading -12.67% lower than its 20-day SMA and -5.98% lower than its 100-day SMA. However, the stock’s current price level is +14.97% above the SMA50 and +20.76% above the SMA200.

The stochastic %K and %D were 14.93% and 23.62%, respectively, and the average true range (ATR) was 4.77. With the 14-day stochastic at 1.42% and the average true range at 4.67, the RSI (14) stands at 36.38%. The stock has reached -4.65 on the 9-day MACD Oscillator while the 14-day reading was at -5.06.

Analyst Ratings

KeyBanc Capital Markets launched coverage on EOG Resources Inc. (NYSE: EOG) in its analyst report released on September 20, 2022. The firm assigned the stock an Overweight rating. The consensus rating for EOG Resources Inc. (EOG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EOG, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 22 others rate it as a “buy”.

What is EOG’s price target for the next 12 months?

Analysts predict a range of price targets between $124.67 and $177.00, with a median target of $150.00. Taking a look at these predictions, the average price target given by analysts for EOG Resources Inc. (EOG) stock is $150.25.


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