EOG Resources Inc. [EOG] Revenue clocked in at $14.30 billion, down -53.87% YTD: What’s Next?

EOG Resources Inc. [NYSE: EOG] price surged by 1.13 percent to reach at $0.43. The company report on September 30, 2020 that EOG Resources Publishes 2019 Sustainability Report.

Reduced methane intensity rate by 45 percent for second consecutive year and reduced GHG intensity rate by 16 percent; sets quantitative greenhouse gas and methane emissions targets.

EOG Resources, Inc. (EOG) today published its 2019 Sustainability Report, highlighting the company’s innovative leadership in sustainability and demonstrating its commitment to environmental stewardship, social engagement and corporate governance. The report can be found at www.eogresources.com/sustainability.

A sum of 7801463 shares traded at recent session while its average daily volume was at 4.35M shares. EOG Resources Inc. shares reached a high of $40.15 and dropped to a low of $38.485 until finishing in the latest session at $38.64.

The one-year EOG stock forecast points to a potential upside of 39.6. The average equity rating for EOG stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $63.97 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 2.20. 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.

Northland Capital have made an estimate for EOG Resources Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on September 14, 2020. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on August 05, 2020, representing the official price target for EOG Resources Inc. stock.

The Average True Range (ATR) for EOG Resources Inc. is set at 1.72, with the Price to Sales ratio for EOG stock in the period of the last 12 months amounting to 1.58. The Price to Book ratio for the last quarter was 1.10, with the Price to Cash per share for the same quarter was set at 4.14. Price to Free Cash Flow for EOG in the course of the last twelve months was 4.09 with Quick ratio for the last quarter at 1.80.

EOG Stock Performance Analysis:

EOG Resources Inc. [EOG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.36. With this latest performance, EOG shares dropped by -1.35% in over the last four-week period, additionally sinking by -3.13% over the last 6 months – not to mention a drop of -43.33% 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 48.57, with the RSI for the last a single of trading hit 57.82, and the three-weeks RSI is set at 45.96 for EOG Resources Inc. [EOG]. The present Moving Average for the last 50 days of trading for this stock 42.03, while it was recorded at 37.76 for the last single week of trading, and 52.26 for the last 200 days.

Insight into EOG Resources Inc. 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.

EOG Stock EPS

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 -3.11%.

EOG Resources Inc. [EOG] Insider Position Details

There are presently around $19,975 million, or 90.20% 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 $2.01 billion in EOG stocks shares; and VANGUARD GROUP INC, currently with $1.86 billion in EOG stock with ownership of nearly -0.382% of the company’s market capitalization.

Positions in EOG Resources Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 391 institutional holders increased their position in EOG Resources Inc. [NYSE:EOG] by around 39,846,617 shares. Additionally, 437 investors decreased positions by around 38,972,801 shares, while 87 investors held positions by with 438,138,321 shares. The mentioned changes placed institutional holdings at 516,957,739 shares, according to the latest SEC report filing. EOG stock had 114 new institutional investments in for a total of 5,820,679 shares, while 97 institutional investors sold positions of 8,629,086 shares during the same period.

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