EOG Resources Inc. (EOG): What Does Valuation Ratios Tell Us?

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EOG Resources Inc. (NYSE:EOG) saw a downside of -1.06% to close Tuesday at $132.76 after subtracting -$1.42 on the day. The 5-day average trading volume is 2,734,420 shares of the company’s common stock. It has gained $135.03 in the past week and touched a new high 2 times within the past 5 days. An average of 2,669,720 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,345,118.

EOG’s 1-month performance is 2.12% or $2.15 on its low of $121.34 reached on 01/04/23. The company’s shares have touched a 52-week low of $89.96 and high of $149.10, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, EOG has achieved 2.50% or $3.24 and has reached a new high 5 times. However, the current price is down -10.96% from the 52-week high price.

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Insider Transactions

EOG stock investors last saw insider trading activity on Jan 12.Helms Lloyd W Jr (President & COO) most recently sold 5,455 shares at $141.68 per share on Nov 30. This transaction cost the insider $772,876. EVP Exploration and Production, Boedeker Kenneth W., sold 6,125 shares at a price of $148.00 on Nov 11. Then, on Nov 08, EVP, Gen. Counsel & Corp Sec Donaldson Michael P sold 4,465 shares at a price of $148.00 per share. This transaction amounted to $660,820.

Valuation Metrics

EOG stock has a beta of 1.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.09 while the price-to-book (PB) in the most recent quarter is 3.25, with the price to cash flow ratio at 14.62.

EOG Resources Inc.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.16, while the total debt to equity was 0.21.. In terms of profitability, the gross margin trailing 12 months is 63.60%. The firm’s gross profit as reported stood at $6.1 billion against revenue of $18.64 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 61.63% to $2.85 billion, while revenue of $2.24 billion was 21.58% off the previous quarter. Analysts expected EOG to announce $2.63 per share in earnings in its latest quarter, but it posted $2.74, representing a 4.20% surprise. EBITDA for the quarter stood at more than $4.57 billion. EOG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 16.64 billion, with total debt at $5.31 billion. Shareholders hold equity totaling $587.39 million.

Let’s look briefly at EOG Resources Inc. (EOG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 60.28% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.46%.

The stock’s 5-day moving average is $131.95, reflecting a +2.08% or $2.70 change from its current price. EOG is currently trading +5.11% above its 20-day SMA, +8.94% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.91% and SMA200 by+12.08%.

Stochastic %K and %D was 89.55% and 84.94% and the average true range (ATR) pointed at 3.51. The RSI (14) points at 55.92%, while the 14-day stochastic is at 83.42% with the period’s ATR at 3.77. The stock’s 9-day MACD Oscillator is pointing at 2.50 and 4.08 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for EOG Resources Inc. (NYSE: EOG), Mizuho downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for EOG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EOG as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 24 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $133.00 and a high of $176.00, with their median price target at $157.00. Looking at these predictions, the average price target given by analysts is for EOG Resources Inc. (EOG) stock is $156.42.

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