EOG Resources, Inc. (NYSE: EOG)’s stock price has plunge by 0.97relation to previous closing price of 118.22. Nevertheless, the company has seen a -0.81% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-09-13 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Is It Worth Investing in EOG Resources, Inc. (NYSE: EOG) Right Now?
EOG Resources, Inc. (NYSE: EOG) has a higher price-to-earnings ratio of 9.21x compared to its average ratio, The 36-month beta value for EOG is at 1.29. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 10 rating it as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for EOG is 567.13M, and currently, shorts hold a 2.10% of that float. The average trading volume for EOG on September 16, 2024 was 2.89M shares.
EOG’s Market Performance
EOG stock saw a decrease of -0.81% in the past week, with a monthly decline of -5.67% and a quarterly a decrease of 0.23%. The volatility ratio for the week is 1.83%, and the volatility levels for the last 30 days are 1.81% for EOG Resources, Inc. (EOG). The simple moving average for the last 20 days is -4.38% for EOG stock, with a simple moving average of -3.15% for the last 200 days.
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 -5.26% 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 -14.53% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -6.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.84% lower at present.
During the last 5 trading sessions, EOG fell by -0.81%, which changed the moving average for the period of 200-days by -2.95% in comparison to the 20-day moving average, which settled at $124.40. In addition, EOG Resources, Inc. saw -1.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EOG starting from Donaldson Michael P, who sale 11,037 shares at the price of $129.50 back on Aug 26 ’24. After this action, Donaldson Michael P now owns 74,250 shares of EOG Resources, Inc., valued at $1,429,292 using the latest closing price.
Donaldson Michael P, the Officer of EOG Resources, Inc., proposed sale 11,037 shares at $129.50 during a trade that took place back on Aug 26 ’24, which means that Donaldson Michael P is holding shares at $1,429,292 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 66.37.
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 2.77. 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
In conclusion, EOG Resources, Inc. (EOG) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
