why EOG Resources Inc. [EOG] is a Good Choice for Investors After New Price Target of $64.87

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EOG Resources Inc. [NYSE: EOG] jumped around 0.55 points on Friday, while shares priced at $47.97 at the close of the session, up 1.16%. The company report on June 23, 2020 that EOG Resources Schedules Conference Call and Webcast of Second Quarter 2020 Results for August 7, 2020.

EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss second quarter 2020 results on Friday, August 7, 2020, at 9 a.m. Central time (10 a.m. Eastern time). Please visit the Investors/Events & Presentations page on the EOG website to access a live webcast of the conference call. If you are unable to listen to the live webcast, a replay will be available for one year.

If you have any questions, please contact Angie Lewis at 713-651-6722.

EOG Resources Inc. stock is now -42.73% down from its year-to-date (YTD) trading value. EOG Stock saw the intraday high of $47.98 and lowest of $46.9335 per share. The company’s 52-week high price is 89.54, which means current price is +77.67% above from all time high which was touched on 01/08/20.

Compared to the average trading volume of 4.35M shares, EOG reached a trading volume of 3488256 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about EOG Resources Inc. [EOG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EOG shares is $64.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EOG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for EOG Resources Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 05, 2020. The new note on the price target was released on July 23, 2020, representing the official price target for EOG Resources Inc. stock.

The Average True Range (ATR) for EOG Resources Inc. is set at 2.09, with the Price to Sales ratio for EOG stock in the period of the last 12 months amounting to 1.93. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 4.20. Price to Free Cash Flow for EOG in the course of the last twelve months was 5.00 with Quick ratio for the last quarter at 1.80.

How has EOG stock performed recently?

EOG Resources Inc. [EOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.72. With this latest performance, EOG shares gained by 0.31% in over the last four-week period, additionally sinking by -35.97% over the last 6 months – not to mention a drop of -35.99% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EOG stock in for the last two-week period is set at 46.60, with the RSI for the last a single of trading hit 46.13, and the three-weeks RSI is set at 47.78 for EOG Resources Inc. [EOG]. The present Moving Average for the last 50 days of trading for this stock 50.05, while it was recorded at 48.87 for the last single week of trading, and 59.27 for the last 200 days.

EOG Resources Inc. [EOG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and EOG Resources Inc. [EOG] shares currently have an operating margin of +21.09 and a Gross Margin at +28.65. EOG Resources Inc.’s Net Margin is presently recorded at +16.02.

Return on Total Capital for EOG is now 13.58, given the latest momentum, and Return on Invested Capital for the company is 10.77. Return on Equity for this stock inclined to 13.34, with Return on Assets sitting at 7.70. When it comes to the capital structure of this company, EOG Resources Inc. [EOG] has a Total Debt to Total Equity ratio set at 27.61. Additionally, EOG Total Debt to Total Capital is recorded at 21.64, with Total Debt to Total Assets ending up at 16.09. Long-Term Debt to Equity for the company is recorded at 21.21, with the Long-Term Debt to Total Capital now at 16.62.

Reflecting on the efficiency of the workforce at the company, EOG Resources Inc. [EOG] managed to generate an average of $943,072 per employee. Receivables Turnover for the company is 7.60 with a Total Asset Turnover recorded at a value of 0.48.EOG Resources Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.10.

Earnings analysis for EOG Resources Inc. [EOG]

With the latest financial reports released by the company, EOG Resources Inc. posted 1.13/share EPS, while the average EPS was predicted by analysts to be reported at 1.13/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EOG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for EOG Resources Inc. go to -4.57%.

Insider trade positions for EOG Resources Inc. [EOG]

There are presently around $24,784 million, or 90.00% of EOG stock, in the hands of institutional investors. The top three institutional holders of EOG stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 71,311,127, which is approximately 14.979% of the company’s market cap and around 0.30% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 51,921,884 shares of the stock with an approximate value of $2.49 billion in EOG stocks shares; and VANGUARD GROUP INC, currently with $2.31 billion in EOG stock with ownership of nearly -0.382% of the company’s market capitalization.

413 institutional holders increased their position in EOG Resources Inc. [NYSE:EOG] by around 39,914,084 shares. Additionally, 436 investors decreased positions by around 39,603,878 shares, while 94 investors held positions by with 437,130,747 shares. The mentioned changes placed institutional holdings at 516,648,709 shares, according to the latest SEC report filing. EOG stock had 122 new institutional investments in for a total of 5,957,442 shares, while 106 institutional investors sold positions of 9,275,835 shares during the same period.

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