A Few Bright Spots In EOG Resources, Inc (NYSE: EOG)

EOG Resources, Inc (NYSE:EOG) currently has a daily average trading volume of 2.98M but it saw 3573647 shares traded in last market. With a market cap of 75.57B USD, the company’s current market price of $134.35 came rising about 0.92 while comparing to the previous closing price of $133.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $139.67 and as low as $108.94. In the recent trading on the day, stock has struck highest price mark of $132.09 while lowest mark touched by it was $134.75.

Taking a look at 20-day trading activity of EOG Resources, Inc (EOG) gives us an average price of $125.80, while its current price level is -3.81% below from 52-week high level whereas it is 23.32% 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 $125.70 while that of 200 days or SMA-200 reads an average of $125.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.48% during that period while stretching the period over a month that decreases to 1.88%. 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 66.63 which implies that the stock is in neutral territory.

Truist downgraded its recommendation for the stock as a “Hold” from “Buy” on May 16, 2024 while assigning a price target range of $163-$136. Scotiabank issued its recommendations for the stock as it downgraded the price target for the stock is $155.

Over the week, EOG’s stock price is moving 5.62% up while it is 5.55% when we observe its performance for the past one month. Year-to-date it is 11.08% up and over the past year, the stock is showing an upside performance of 10.57%.

Currently, EOG Resources, Inc’s total number of outstanding shares is 580.86M. Company’s return on investment (ROI) stands at 21.43% and return on equity (ROE) at 24.91%. It has a price to earnings ratio (P/E ratio) of 10.82 while having a 12.09 of forward P/E ratio. Stock’s beta reads 1.29. Stock has a price to book (P/B) ratio of 2.57 while price to sale or P/S ratio amounts to 3.17. Its return on asset (ROA) is 15.90% on average.