EOG Resources Inc. [EOG] gain 37.91% so far this year. What now?


EOG Resources Inc. [NYSE: EOG] The trading session closed at $118.35 on 09/22/22. Today’s price range saw the stock record a low of $118.18, while a high of $121.23. Company report on September 20 2022 EOG Resources schedules the conference call and webcast of its third-quarter 2022 results for November 4, 2022.

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EOG Resources, Inc. will host. (EOG) will hold a conference call and webcast to discuss third-quarter 2022 results on Friday, November 4, 2022, at 9 a.m. Central time (10 a.m. ET). Please visit the Investors/Events & Presentations page on the EOG website to access the live online broadcast of the conference call. If you can’t listen to the live webcast, the replay is available for one year.

If you have any questions, please contact Angie Lewis at 713-651-6722.

The stock has an annual performance so far of 37.91 percent and a weekly performance of -3.44 percent. The stock has moved at -1.69% over the past six months. The stock has performed -1.62 percent in the last 30 days and changed by 11.80 percent over the last three months.

If compared to the average trading volume of 3.87 million shares, EOG reached a volume of 3,298,855 on the last trading day, which is why market watchers consider the stock to be active.

Here’s what leading stock market experts are saying about EOG Resources Inc. [EOG]:

Based on careful and fact-backed analysis by Wall Street experts, the current consensus is $147.80 a share price target for EOG shares. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for EOG stock is a set recommendation at 2.00. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

KeyBanc Capital Markets has made an appreciation for the shares of EOG Resources Inc. , retaining their opinion of the stock as overweight, with their previous recommendation back on September 20, 2022. While these analysts maintained the previous recommendation, BofA Securities raised its target price from $119 to $134. The new note on price target was released on September 19, 2022, which is the official target price for EOG Resources Inc.’s stock. Previously, the target price had had another increase from $152 to $156, while JP Morgan maintained an overweight rating on EOG stock.

The Average True Range (ATR) is set by EOG Resources Inc. at 4.23, with a price-to-sales ratio for EOG stock in the last twelve months at 3.17. The price-to-book ratio for the fourth quarter was 3.09, with the price-to-cash ratio for the stock in the same quarter set at 5.20. The price-to-free cash flow for EOG over the past 12 months was 21.58 with a Q4 quick ratio of 1.30.

EOG stock trading performance evaluation

EOG Resources Inc. [EOG] It fell into the red at the end of last week, fell in a negative direction and fell by -3.44. With this latest performance, EOG shares are down -1.62% over the past four-week period, and are also down -1.69% over the past six months – not to mention up 68.04% in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for EOG stock for the last two weeks was set at 49.70, with the RSI for the last one traded at 43.37, and the three-week RSI for EOG Resources Inc. [EOG]. The current moving average of the last 50 trading days for this stock is 113.91 while it recorded at 119.62 for the last trading week, and 113.55 for the last 200 days.

EOG Resources Inc. [EOG]: Insight into the basic fundamentals

Operating margin for any stock indicates how profitable the investment is, and EOG Resources Inc. [EOG] The stock currently has an operating margin of +36.93 and a gross margin of +44.80. Net margin was reported to EOG Resources Inc. Currently at +23.58.

The return on equity for this stock increased to 21.96, with the return on assets remaining at 12.60.

The liquidity data of EOG Resources Inc. Interesting too, with the quick ratio at 1.30 and the current ratio at 1.40.

Earnings per share (EPS) analysis for EOG Resources Inc. [EOG] stock

The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for EOG. When it comes to the stated value, analysts expect 5-year EPS growth to rise for EOG Resources Inc. to 10.81%.

EOG Resources Inc. [EOG]: Insiders ownership positions

There are currently approximately $61,267 million, or 89.60% of EOG’s equity, in the hands of institutional investors. The three largest EOG owners are: VANGUARD GROUP INC with 52,987,493 ownership, which is approximately 1.137% of the company’s market capitalization and approximately 0.30% of the total institutional ownership; BLACKROCK INC. , which owns 45,691,414 shares of stock with an approximate value of $5.41 billion in EOG stock; and STATE STREET CORP, currently with $4.19 billion in EOG shares with ownership of approximately -3.628% of the company’s market capitalization.

673 enterprise owners have increased their positions at EOG Resources Inc. [NYSE:EOG] About 37,726,091 shares. In addition, 529 investors decreased positions by 336,34645 shares, while 147 investors took positions by 446,318607 shares. The said changes put institutional holdings at 517,679,343 shares, according to the latest report by the Securities and Exchange Commission. The share of “EOG” included 145 new institutional investments with a total of 5,134,281 shares, while 92 institutional investors sold deals amounting to 1,571,265 shares during the same period.

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