The stock of EOG Resources Inc. (NYSE:EOG) increased by $0.43 on Tuesday to finish at $127.85, up 0.34 percent. The last five days have seen an average of 2,189,560 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$1.67. The average number of shares traded over the last 20 days was 2,544,215, while the average volume over the last 50 days totaled 2,909,344.
EOG stock dropped -3.53% since last month. On 08/08/23, the company’s shares reached a one-month low of $124.76. The stock touched a high of $147.74 on 01/27/23, after rallying from a low of $98.52 in 52 weeks. The price of EOG stock has declined by -0.38% or -$1.67 this year, reaching a new high 7 times. Still, the stock price is down -13.46% from the 52-week high.
Insider Transactions
EOG stock investors should be aware that EOG Resources Inc. (EOG) stock had its last reported insider trading activity 15 days ago on Aug 15. On Aug 15, President & COO Helms Lloyd W Jr sold 4,551 shares at $130.76 each. This transaction resulted in the insider making $595,089. On Jul 07, Leitzell Jeffrey R. sold 2,031 shares at a price of US$117.26. After the transaction, the insider now owns 37,607 shares. President & COO Helms Lloyd W Jr had earlier sold 5,000 shares on Jun 07 for $115.87 a share. The transaction was completed for $579,350.
Valuation Metrics
EOG Resources Inc. (EOG) has a trailing price-to-earnings (P/E) ratio of 8.61. Beta for the stock is 1.56. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.84, the price-to-book (PB) ratio of 2.82, and the price-to-cash flow ratio of 9.16.
Company paid $0.8250 per share in dividends, remained unchanged from $0.8250 last year.
Financial Health
For the three months ended June 29, EOG Resources Inc.’s quick ratio was 2.00, while its current ratio was 2.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.14, and the total debt to equity ratio is 0.15. As far as profitability goes, gross margin for the trailing twelve months is 65.40% percent. EOG Resources Inc.’s EBITDA margin for the year ended June 29 was 60.26%, whereas its operating margin stood at 42.70% for the same period. Based on annual data, it had gross profit of $9.97 billion and revenue of $25.7 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EOG’s return on assets (ROA) during the last 12 months has been 21.20%. There was a 26.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 34.70%.
Earnings Surprise
According to EOG Resources Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.57 billion, while revenues fell by -32.91% to $6.04 billion. It was predicted that EOG Resources Inc.’s quarterly earnings would be $2.49, but it ended up being $2.32, beating the consensus by 7.30%. EBITDA was $2.84 billion for the quarter. At the end of EOG Resources Inc.’s most recent quarter ended June 29, its liabilities totaled 15.23 billion, while its total debt was $4.15 billion. Equity owned by shareholders amounts to $582.26 million.
Technical Picture
Here’s a quick look at EOG Resources Inc.’s (EOG) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 47.04%, suggesting the stock is Neutral, with a 16.60% historical volatility rate.
The stochastic %K and %D were 32.30% and 27.28% respectively, while the average true range (ATR) was 2.72. Based on the 14-day stochastic reading of 36.80%, the RSI (14) reading is 51.18%. On the 9-day MACD Oscillator, the stock is at -1.09, and the 14-day reading is at -1.80.
Analyst Ratings
EOG Resources Inc. (NYSE: EOG) was downgraded by Tudor Pickering Holt & Co. to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned EOG Resources Inc. (EOG) an Buy rating. EOG is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 23 others recommend it as a buy.
What is EOG’s price target for the next 12 months?
The current consensus forecast for the stock is between $113.00 and $169.00, with a median target price of $151.00. In analyzing these forecasts, the average price target given by analysts for EOG Resources Inc. (EOG) is $147.67.
