The stock of EOG Resources, Inc. (EOG) has seen a -0.75% decrease in the past week, with a -1.19% drop in the past month, and a -3.43% decrease in the past quarter. The volatility ratio for the week is 1.27%, and the volatility levels for the past 30 days are at 2.12% for EOG. The simple moving average for the past 20 days is -0.32% for EOG’s stock, with a 1.88% simple moving average for the past 200 days.
Is It Worth Investing in EOG Resources, Inc. (NYSE: EOG) Right Now?
EOG Resources, Inc. (NYSE: EOG) has a price-to-earnings ratio that is above its average at 9.68x. The stock has a 36-month beta value of 1.28. Opinions on the stock are mixed, 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 566.84M, and at present, short sellers hold a 1.79% of that float. On August 20, 2024, the average trading volume of EOG was 2.93M shares.
EOG) stock’s latest price update
The stock of EOG Resources, Inc. (NYSE: EOG) has decreased by -2.21 when compared to last closing price of 128.24.Despite this, the company has seen a loss of -0.75% in its stock price over the last five trading days. zacks.com reported 2024-08-07 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Analysts’ Opinion of EOG
Truist, on the other hand, stated in their research note that they expect to see EOG reach a price target of $136, previously predicting the price at $163. The rating they have provided for EOG stocks is “Hold” according to the report published on May 16th, 2024.
Scotiabank gave a rating of “Sector Perform” to EOG, setting the target price at $155 in the report published on April 11th of the current year.
EOG Trading at -0.01% 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 -10.21% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 1.27%, as shares surge +0.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.60% upper at present.
During the last 5 trading sessions, EOG fell by -0.51%, which changed the moving average for the period of 200-days by +1.20% in comparison to the 20-day moving average, which settled at $125.85. In addition, EOG Resources, Inc. saw 3.69% 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 Leitzell Jeffrey R., who sale 4,000 shares at the price of $126.48 back on Aug 09 ’24. After this action, Leitzell Jeffrey R. now owns 35,058 shares of EOG Resources, Inc., valued at $505,920 using the latest closing price.
Leitzell Jeffrey R., the Officer of EOG Resources, Inc., proposed sale 4,000 shares at $126.48 during a trade that took place back on Aug 09 ’24, which means that Leitzell Jeffrey R. is holding shares at $505,920 based on the most recent closing price.
Stock Fundamentals for EOG
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.6 for the gross margin
The net margin for EOG Resources, Inc. stands at 0.31. The total capital return value is set at 0.23. Equity return is now at value 27.06, with 17.29 for asset returns.
Based on EOG Resources, Inc. (EOG), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 2.84. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 4.04.
Currently, EBITDA for the company is 12.62 billion with net debt to EBITDA at -0.1. When we switch over and look at the enterprise to sales, we see a ratio of 2.9. The receivables turnover for the company is 9.05for 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 2.12.
Conclusion
To sum up, EOG Resources, Inc. (EOG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
