A share price of EOG Resources, Inc. [EOG] is currently trading at $124.38, up 0.97%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EOG shares have gain 5.50% over the last week, with a monthly amount drifted -3.01%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Truist downgraded its rating to Hold on May 16, 2024, and dropped its price target to $136. On April 11, 2024, downgrade downgraded it’s rating to Sector Perform but maintained its price target of $155 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $144 on April 10, 2024. BofA Securities downgraded its rating to a Neutral and reduced its price target to $140 on January 05, 2024. Wells Fargo downgraded its rating to Equal Weight for this stock on December 14, 2023, and downed its price target to $130. In a note dated December 11, 2023, Morgan Stanley downgraded an Equal-Weight rating on this stock but restated the target price of $134.
EOG Resources, Inc. experienced fluctuations in its stock price throughout the past year between $108.94 and $139.67. Currently, Wall Street analysts expect the stock to reach $131.79 within the next 12 months. EOG Resources, Inc. [NYSE: EOG] shares were valued at $124.38 at the most recent close of the market. An investor can expect a potential return of 5.96% based on the average EOG price forecast.
Analyzing the EOG fundamentals
Trailing Twelve Months sales for EOG Resources, Inc. [NYSE:EOG] were 24.11B which represents 10.42% growth. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.26 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.14.
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 122.89 points at the first support level, and at 121.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 125.52, and for the 2nd resistance point, it is at 126.65.
Ratios To Look Out For
To put it in perspective, the Current Ratio for EOG Resources, Inc. [NYSE:EOG] is 2.12. As well, the Quick Ratio is 1.89, while the Cash Ratio is 1.17. Considering the valuation of this stock, the price to sales ratio is 2.93, the price to book ratio is 2.43 and price to earnings (TTM) ratio is 9.60.
Transactions by insiders
Recent insider trading involved Donaldson Michael P, EVP, Gen. Counsel & Corp Sec, that happened on Aug 26 ’24 when 11037.0 shares were sold. Officer, Donaldson Michael P completed a deal on Aug 26 ’24 to buy 11037.0 shares. Meanwhile, Director CRISP CHARLES R sold 6500.0 shares on Aug 21 ’24.
