A share price of EOG Resources, Inc. [EOG] is currently trading at $135.94, up 1.43%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EOG shares have gain 6.34% over the last week, with a monthly amount glided 16.70%, and seem to be holding up well over a long-time horizon.
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On 2, April 2024, EOG Resources Announces President Billy Helms’ Retirement. In a post published today on Yahoo Finance, EOG Resources, Inc. (EOG) today announced that Lloyd W. “Billy” Helms, Jr., EOG’s President, has made the decision to retire May 31, 2024.
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.
EOG Resources, Inc. experienced fluctuations in its stock price throughout the past year between $104.97 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 $135.94 at the most recent close of the market. An investor can expect a potential drop of -2.67% based on the average EOG price forecast.
Analyzing the EOG fundamentals
Trailing Twelve Months sales for EOG Resources, Inc. [NYSE:EOG] were 23.27B which represents -6.97% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
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 134.63 points at the first support level, and at 133.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 136.88, and for the 2nd resistance point, it is at 137.82.
Ratios To Look Out For
To put it in perspective, the Current Ratio for EOG Resources, Inc. [NYSE:EOG] is 2.44. In addition, the Quick Ratio stands at 2.13 and the Cash Ratio stands at 1.3. Considering the valuation of this stock, the price to sales ratio is 3.39, the price to book ratio is 2.81 and price to earnings (TTM) ratio is 10.45.
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.
