EOG Resources Inc. (NYSE:EOG) saw an upside of 0.98% to close Tuesday at $126.88 after adding $1.23 on the day. The 5-day average trading volume is 3,349,660 shares of the company’s common stock. It has gained $129.51 in the past week and touched a new high 1 time within the past 5 days. An average of 2,784,140 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,679,268.
EOG’s 1-month performance is -0.16% or -$0.20 on its low of $121.51 reached on 09/22/23. The company’s shares have touched a 52-week low of $98.52 and high of $147.74, with the stock’s rally to the 52-week high happening on 01/27/23. YTD, EOG has lost -1.13% or -$2.64 and has reached a new high 7 times. However, the current price is down -14.12% from the 52-week high price.
Insider Transactions
EOG stock investors last saw insider trading activity on Aug 15.Helms Lloyd W Jr (President & COO) most recently sold 4,551 shares at $130.76 per share on Aug 15. This transaction cost the insider $595,089. EVP Exploration and Production, Leitzell Jeffrey R., sold 2,031 shares at a price of $117.26 on Jul 07. Then, on Jun 07, President & COO Helms Lloyd W Jr sold 5,000 shares at a price of $115.87 per share. This transaction amounted to $579,350.
Valuation Metrics
EOG stock has a beta of 1.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.93 while the price-to-book (PB) in the most recent quarter is 2.81, with the price to cash flow ratio at 9.19.
EOG Resources Inc.’s quick ratio for the period ended June 29 was 2.02, with the current ratio over the same period at 2.39. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.14, while the total debt to equity was 0.16.. In terms of profitability, the gross margin trailing 12 months is 49.62%. The trailing 12-month EBITDA margin is 60.26% while for the period ending June 29, EOG Resources Inc.’s operating margin was 41.81%. The firm’s gross profit as reported stood at $9.97 billion against revenue of $25.7 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -44.11% to $1.55 billion, while revenue of $2.02 billion was -30.26% off the previous quarter. Analysts expected EOG to announce $2.32 per share in earnings in its latest quarter, but it posted $2.49, representing a 7.30% surprise. EBITDA for the quarter stood at more than $2.84 billion. EOG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.23 billion, with total debt at $4.15 billion. Shareholders hold equity totaling $582.26 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 26 September was 45.11% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.52%.
The stock’s 5-day moving average is $124.65, reflecting a -1.64% or -$2.12 change from its current price. EOG is currently trading -0.42% above its 20-day SMA, +14.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.91% and SMA200 by+0.57%.
Stochastic %K and %D was 24.32% and 13.76% and the average true range (ATR) pointed at 3.38. The RSI (14) points at 46.32%, while the 14-day stochastic is at 36.91% with the period’s ATR at 3.26. The stock’s 9-day MACD Oscillator is pointing at -2.83 and -4.41 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for EOG Resources Inc. (NYSE: EOG), Tudor Pickering Holt & Co. downgraded it to a Hold 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 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 22 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 $113.00 and a high of $169.00, with their median price target at $147.00. Looking at these predictions, the average price target given by analysts is for EOG Resources Inc. (EOG) stock is $147.40.
