As of Friday close, EOG Resources Inc.’s (NYSE:EOG) stock was down -$1.89, moving down -1.44 percent to $129.80. The average number of shares traded per day over the past five days has been 3,733,140 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.90 fall in that time frame. In the last twenty days, the average volume was 3,020,165, while in the previous 50 days, it was 3,499,102.
Since last month, EOG stock rose 15.63%. Shares of the company fell to $110.43 on 07/06/23, the lowest level in the past month. A 52-week high of $147.74 was reached on 01/27/23 after having rallying from a 52-week low of $94.20. Since the beginning of this year, EOG’s stock price has risen by 1.14% or $0.28, and marked a new high 7 times. However, the stock has declined by -12.14% since its 52-week high.
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EOG stock investors should be aware that EOG Resources Inc. (EOG) stock had its last reported insider trading activity 29 days ago on Jul 07. Leitzell Jeffrey R., the EVP Exploration and Production of the company, disposed of 2,031 shares for $117.26 on Jul 07. It resulted in a $238,157 divestment by the insider. Helms Lloyd W Jr sold 5,000 shares at an average price of $115.87 on Jun 07. The insider now owns 149,689 shares following the transaction. On May 08, President & COO Helms Lloyd W Jr sold 7,677 shares at $116.15 apiece. The transaction was valued at $891,661.
Valuation Metrics
Right now, EOG Resources Inc. (EOG) has a P/E ratio of about 8.12. The stock’s beta is 1.56. Besides these, the trailing price-to-sales (P/S) ratio of 2.71, the price-to-book (PB) ratio of 2.98, and the price-to-cash flow ratio of 27.57 may also be considered.
The latest dividend of $0.8250 per share was paid out, remained unchanged from last year’s $0.8250.
Financial Health
In the three months ended June 29, EOG Resources Inc.’s quick ratio stood at 1.90, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.15, and the total debt-to-equity ratio was 0.15. On the profitability front, the trailing twelve-month gross margin is 65.20% percent. In the year ended June 29, EBITDA margin amounted to 60.26%, whereas operating margins totaled 43.40%. Based on annual data, EOG earned $9.97 billion in gross profit and brought in $25.7 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 26.20%. Return on equity (ROE) for the past 12 months was 39.00%.
In EOG Resources Inc.’s quarter-end financial report for June 29, it reported total debt of $3.78 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EOG’s revenue fell -32.91% to $6.04 billion during the quarter, while net income inched up to $5.57 billion. While analysts expected EOG Resources Inc. to report $2.32 quarterly earnings, the actual figure was $2.49 per share, beating the consensus estimate by 7.30%. During the quarter, the company generated $2.84 billion in EBITDA. The liabilities of EOG Resources Inc. were 15.23 billion at the end of its most recent quarter ended June 29, and its total debt was $4.15 billion. The value of shareholders’ equity is $582.26 million.
Technical Picture
This quick technical analysis looks at EOG Resources Inc.’s (EOG) price momentum. With a historical volatility rate of 18.90%, the RSI 9-day stood at 61.95% on 04 August.
With respect to its five-day moving average, the current EOG Resources Inc. price is down by -0.69% percent or -$0.90. At present, EOG shares trade +11.70% above its 20-day simple moving average and +18.97% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.40% above its SMA50 and +7.36% above its SMA200.
Stochastic coefficient K was 78.52% and Stochastic coefficient D was 85.28%, while ATR was 3.31. Given the Stochastic reading of 65.46% for the 14-day period, the RSI (14) reading has been calculated as 63.92%. As of today, the MACD Oscillator reading stands at 0.17, while the 14-day reading stands at 2.47.
Analyst Ratings
EOG Resources Inc. downgraded its rating on EOG Resources Inc. (NYSE: EOG) to a Neutral in a note to investors on June 13, 2023. The analysts firm previously had a Buy rating on the stock.EOG Resources Inc. (EOG) has been rated Buy by analysts. According to 0 brokerage firms, EOG is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate EOG Resources Inc. stock as buy, with 25 recommending it as overweight.
With a median target price of $143.00, the current consensus forecast for the stock is $113.00 – $166.00. Based on these forecasts, analysts predict EOG Resources Inc. (EOG) will achieve an average price target of $143.73.
