There’s Something Awry at EOG Resources, Inc. (NYSE:EOG) Since Share Price Gets Ahead of Fundamentals

The stock of EOG Resources, Inc. (NYSE:EOG) last traded at $122.64, down -2.99% from the previous session.

Data from the available sources indicates that EOG Resources, Inc. (NYSE:EOG) is covered by 33 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $172.00 and a low of $113.00, we find $148.00. Given the previous closing price of $126.42, this indicates a potential upside of 17.07 percent. EOG stock price is now -4.72% away from the 50-day moving average and 1.21% away from the 200-day moving average. The market capitalization of the company currently stands at $71.52B.

In total, 9 analysts have assigned it a hold rating, and 21 have given it a buy rating. Brokers who have rated the stock have averaged $149.09 as their price target over the next twelve months.

With the price target reduced from $144 to $135, Citigroup Downgraded its rating from Buy to Neutral for EOG Resources, Inc. (NYSE: EOG).

In other news, Helms Lloyd W Jr, President & COO sold 4,551 shares of the company’s stock on Aug 15. The stock was sold for $595,089 at an average price of $130.76. Upon completion of the transaction, the President & COO now directly owns 145,259 shares in the company, valued at $17.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 07, EVP Exploration and Production Leitzell Jeffrey R. sold 2,031 shares of the business’s stock. A total of $238,157 was realized by selling the stock at an average price of $117.26. This leaves the insider owning 37,607 shares of the company worth $4.61 million. Insiders disposed of 250,559 shares of company stock worth roughly $30.73 million over the past 1 year. A total of 0.38% of the company’s stock is owned by insiders.

With an opening price of $124.00 on Tuesday morning, EOG Resources, Inc. (NYSE: EOG) set off the trading day. During the past 12 months, EOG Resources, Inc. has had a low of $98.52 and a high of $146.93. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 2.43, and a quick ratio of 2.10. The fifty day moving average price for EOG is $128.72 and a two-hundred day moving average price translates $121.38 for the stock.

The latest earnings results from EOG Resources, Inc. (NYSE: EOG) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $2.49, beating analysts’ expectations of $2.32 by 0.17. This compares to $4.86 EPS in the same period last year. The net profit margin was 33.22% and return on equity was 30.55% for EOG. The company reported revenue of $6.21 billion for the quarter, compared to $7.59 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.19 percent. For the current quarter, analysts expect EOG to generate $5.7B in revenue.

EOG Resources, Inc.(EOG) Company Profile

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

Related Posts