EOG Resources Inc. (NYSE:EOG) currently has a daily average trading volume of 4.26M but it saw 4218597 shares traded on Thursday. With a market cap of 25.38B USD, the company’s enterprise value now stands nearly at $30.12B. Stock’s current market price of $44.10 came falling about -3.31 while comparing to the previous closing price of $45.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $89.54 and as low as $27.00. In the recent trading on the day, stock has struck highest price mark of $45.30 while lowest mark touched by it was $44.09.
Taking a look at 20-day trading activity of EOG Resources Inc. (EOG) gives us an average price of $47.95, while its current price level is -50.75% below from 52-week high level whereas it is 63.33% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $48.98 while that of 200 days or SMA-200 reads an average of $58.77. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.71% during that period while stretching the period over a month that increases to 3.58%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.47 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Credit Suisse which resumed the stock as “Outperform” in its note to investors issued on August 05, 2020, recommending a price target of $65 for it. JP Morgan downgraded its recommendation for the stock as a “Neutral” from “Overweight” on July 23, 2020 while assigning a price target of. Wolfe Research issued its recommendations for the stock as it downgraded the price target for the stock is.
Over the week, EOG’s stock price is moving -7.00% down while it is -12.13% when we observe its performance for the past one month. Year-to-date it is -47.35% down and over the past year, the stock is showing a downside performance of -42.89%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2020, when its quarterly earnings per share (EPS) of -$0.23 beaten by the consensus estimate of -$0.05 for the same. The company is expected to be releasing its next quarterly report in 10/29/2020, for which analysts forecasted an EPS of $0.02 while estimate for next year EPS is $0.54. For EOG, analysts are forecasting an EPS-growth rate of -89.20% for current year and estimate for EPS growth in next year is 209.30%. In next quarter, company is expected to be making quarterly sales of $2.78 billion as analysts are expecting the sales for current fiscal year at $11.16 billion and seeing the company making $12.34 billion in sales next year. Moreover, analysts are in estimates of $2.42 billion for current-quarter revenue.
Currently, EOG Resources Inc.’s total number of outstanding shares is 582.24M with 0.34% of that held by the insiders while 89.21% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 10.80% and return on equity (ROE) at 1.70%. It has a price to earnings ratio (P/E ratio) of 73.26 while having a 27.86 of forward P/E ratio. Stock’s beta reads 2.01. Stock has a price to book (P/B) ratio of 1.25 while price to sale or P/S ratio amounts to 1.78. Its return on asset (ROA) is 1.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that American Funds AMCAP Fund came shrinking its share ownership by 15.48% in the EOG Resources Inc. (EOG) increasing its stake to 4.50% with control over 3.51 million shares in the company. As per SEC documents, American Funds AMCAP Fund sought 26,185,307 of company’s common stock of worth $1.23 billion as per recent closing price of the stock. American Funds AMCAP Fund is not the only institutional holder which restructured its stake in EOG Resources Inc., as American Funds Investment Company picked 25,540,423 shares of worth $1.2 billion to bring its holdings to a total of 2.05 million shares. In the most recent quarter, American Funds Growth Fund of Ame came cutting its stake by -5.56% in the company and now holds 22.95 million or 3.94% of the company’s stake having worth of about 1.08 billion.