EOG Resources, Inc. (NYSE:EOG) shares, rose in value on Friday, April 05, with the stock price up by 0.46% to the previous day’s close as strong demand from buyers drove the stock to $134.64.
Actively observing the price movement in the recent trading, the stock is buoying the session at $134.03. The value of beta (5-year monthly) is 1.40 whereas the PE ratio is 10.35 over 12-month period. Referring to stock’s 52-week performance, its high was $135.06, and the low was $104.97. On the whole, EOG has fluctuated by 15.58% over the past month.
With the market capitalization of EOG Resources, Inc. currently standing at about $78.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024. The company’s Forward Dividend Ratio is 3.35, with its dividend yield at 2.49%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.64, which is expected to increase to $3.24 for fiscal year $11.47 and then to about $12.1 by fiscal year 2025. Data indicates that the EPS growth is expected to be -1.90% in 2025, while the next year’s EPS growth is forecast to be 5.50%.
Analysts have estimated the company’s revenue for the quarter at $5.89 billion, with a low estimate of $5.79 billion and a high estimate of $6.05 billion. According to the average forecast, sales growth in current quarter could jump down -2.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $24.56 billion, representing an increase of 1.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that EOG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.19, with the price of EOG currently trading nearly 7.31% and 13.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 80.25, while the 7-day volatility ratio is showing 1.49% which for the 30-day chart, stands at 1.54%. Furthermore, EOG Resources, Inc. (EOG)’s beta value is 1.39, and its average true range (ATR) is 2.10.
A comparison of EOG Resources, Inc. (EOG) with its peers suggests the former has fared considerably weaker in the market. EOG showed an intraday change of 0.46% in today’s session so far, and over the past year, it grew by 14.00%%.
Data on historical trading for EOG Resources, Inc. (NYSE:EOG) indicates that the trading volumes over the past 10 days have averaged 3.08 million and over the past 3 months, they’ve averaged 3.52 million. According to company’s latest data on outstanding shares, there are 580.86 million shares outstanding.
Nearly 0.24% of EOG Resources, Inc.’s shares belong to company insiders and institutional investors own 91.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.46 million shares as on Mar 15, 2024, resulting in a short ratio of 2.11. According to the data, the short interest in EOG Resources, Inc. (EOG) stood at 1.63% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.87 million. The stock has risen by 11.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EOG stock heading into the next quarter.
