The stock price of EOG Resources, Inc. (NYSE: EOG) has dropped by -1.16 compared to previous close of 127.25. Despite this, the company has seen a gain of 0.91% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-25 that Over the long haul, EOG Resources has outperformed its peers in the oil and gas exploration and production industry. The company’s organic growth strategy and low breakeven costs allow it to generate significant free cash flow. EOG’s unique approach to growth and potential for shareholder-friendly moves make it an attractive investment.
Is It Worth Investing in EOG Resources, Inc. (NYSE: EOG) Right Now?
The price-to-earnings ratio for EOG Resources, Inc. (NYSE: EOG) is above average at 9.67x, Company’s 36-month beta value is 1.40.Analysts have differing opinions on the stock, with 11 analysts rating it as a “buy,” 10 as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for EOG is 578.59M, and currently, short sellers hold a 1.32% ratio of that floaft. The average trading volume of EOG on March 27, 2024 was 3.44M shares.
EOG’s Market Performance
EOG’s stock has seen a 0.91% increase for the week, with a 12.25% rise in the past month and a 2.87% gain in the past quarter. The volatility ratio for the week is 1.55%, and the volatility levels for the past 30 days are at 1.63% for EOG Resources, Inc. The simple moving average for the last 20 days is 4.53% for EOG’s stock, with a simple moving average of 4.03% for the last 200 days.
Analysts’ Opinion of EOG
Many brokerage firms have already submitted their reports for EOG stocks, with BofA Securities repeating the rating for EOG by listing it as a “Neutral.” The predicted price for EOG in the upcoming period, according to BofA Securities is $140 based on the research report published on January 05, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see EOG reach a price target of $130, previously predicting the price at $150. The rating they have provided for EOG stocks is “Equal Weight” according to the report published on December 14th, 2023.
Morgan Stanley gave a rating of “Equal-Weight” to EOG, setting the target price at $134 in the report published on December 11th of the previous year.
EOG Trading at 8.64% from the 50-Day Moving Average
After a stumble in the market that brought EOG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.87% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +10.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.38% upper at present.
During the last 5 trading sessions, EOG rose by +0.91%, which changed the moving average for the period of 200-days by +8.29% in comparison to the 20-day moving average, which settled at $120.92. In addition, EOG Resources, Inc. saw 3.99% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EOG starting from Helms Lloyd W Jr, who sale 4,551 shares at the price of $130.76 back on Aug 15 ’23. After this action, Helms Lloyd W Jr now owns 145,259 shares of EOG Resources, Inc., valued at $595,089 using the latest closing price.
Leitzell Jeffrey R., the EVP Exploration and Production of EOG Resources, Inc., sale 2,031 shares at $117.26 during a trade that took place back on Jul 07 ’23, which means that Leitzell Jeffrey R. is holding 37,607 shares at $238,157 based on the most recent closing price.
Stock Fundamentals for EOG
Current profitability levels for the company are sitting at:
- 0.41 for the present operating margin
- 0.76 for the gross margin
The net margin for EOG Resources, Inc. stands at 0.33. The total capital return value is set at 0.24. Equity return is now at value 28.73, with 17.82 for asset returns.
Based on EOG Resources, Inc. (EOG), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 2.36. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 64.89.
Currently, EBITDA for the company is 12.62 billion with net debt to EBITDA at -0.04. When we switch over and look at the enterprise to sales, we see a ratio of 3.13. The receivables turnover for the company is 8.54for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.44.
Conclusion
In a nutshell, EOG Resources, Inc. (EOG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
