At the time of writing, EOG Resources, Inc. [EOG] stock is trading at $123.57, up 0.64%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EOG shares have gain 2.28% over the last week, with a monthly amount glided 8.16%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, EOG Resources Reports Fourth Quarter and Full-Year 2023 Results; Announces 2024 Capital Plan. In a post published today on Yahoo Finance, EOG Resources, Inc. (EOG) today reported fourth quarter and full-year 2023 results. The attached supplemental financial tables and schedules for the reconciliation of non-GAAP measures to GAAP measures and related definitions, along with a related presentation, are also available on EOG’s website at http://investors.eogresources.com/investors.
From an analyst’s perspective:
EOG Resources, Inc. [NYSE: EOG] stock has seen the most recent analyst activity on January 05, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $140 from $147. Previously, Wells Fargo downgraded its rating to Equal Weight on December 14, 2023, and dropped its price target to $130. On December 11, 2023, downgrade downgraded it’s rating to Equal-Weight but maintained its price target of $134 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $150 on December 06, 2023. Citigroup downgraded its rating to a Neutral and reduced its price target to $135 on October 23, 2023. Bernstein downgraded its rating to Mkt Perform for this stock on October 17, 2023, and downed its price target to $146. In a note dated August 24, 2023, Tudor Pickering Holt & Co. downgraded an Hold rating on this stock.
For the past year, the stock price of EOG Resources, Inc. fluctuated between $97.27 and $135.06. Currently, Wall Street analysts expect the stock to reach $132.31 within the next 12 months. EOG Resources, Inc. [NYSE: EOG] shares were valued at $123.57 at the most recent close of the market. An investor can expect a potential return of 7.07% based on the average EOG price forecast.
Analyzing the EOG fundamentals
According to EOG Resources, Inc. [NYSE:EOG], the company’s sales were 23.27B for trailing twelve months, which represents an -6.97% plunge. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.41%, Pretax Profit Margin comes in at 0.42%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.28 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 122.37 points at the first support level, and at 121.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 124.24, and for the 2nd resistance point, it is at 124.90.
EOG Resources, Inc. [EOG] reported earnings per share of $3.07 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.07/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.44 per share as compared to estimates of $3.02 per share, a difference of $0.42 representing a surprise of 13.90%.
Ratios To Look Out For
It is important to note that EOG Resources, Inc. [NYSE:EOG] has a current ratio of 2.44. Also, the Quick Ratio is 2.13, while the Cash Ratio stands at 1.3. Considering the valuation of this stock, the price to sales ratio is 3.08, the price to book ratio is 2.56 and price to earnings (TTM) ratio is 9.50.
Transactions by insiders
Recent insider trading involved Helms Lloyd W Jr, President & COO, that happened on Aug 15 ’23 when 4551.0 shares were sold. EVP Exploration and Production, Leitzell Jeffrey R. completed a deal on Jul 07 ’23 to sell 2031.0 shares. Meanwhile, President & COO Helms Lloyd W Jr sold 5000.0 shares on Jun 07 ’23.
