EOG Resources Inc. [NYSE: EOG] gained 3.87% or 2.81 points to close at $75.34 with a heavy trading volume of 5853698 shares. The company report on March 24, 2021 that EOG Resources Schedules Conference Call and Webcast of First Quarter 2021 Results for May 7, 2021.
EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss first quarter 2021 results on Friday, May 7, 2021, 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.
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It opened the trading session at $72.83, the shares rose to $75.55 and dropped to $72.16, the range by which the price of stock traded the whole day. The daily chart for EOG points out that the company has recorded 109.63% gains over the past six months. However, it is still -141.32% lower than its most recent low trading price.
If we look at the average trading volume of 4.89M shares, EOG reached to a volume of 5853698 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $80.26 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.
Goldman have made an estimate for EOG Resources Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 23, 2021. The new note on the price target was released on March 15, 2021, representing the official price target for EOG Resources Inc. stock. Previously, the target price had yet another raise to $88, while Johnson Rice analysts kept a Accumulate rating on EOG stock.
The Average True Range (ATR) for EOG Resources Inc. is set at 3.34, with the Price to Sales ratio for EOG stock in the period of the last 12 months amounting to 3.82. The Price to Book ratio for the last quarter was 2.15, with the Price to Cash per share for the same quarter was set at 5.92. Price to Free Cash Flow for EOG in the course of the last twelve months was 10.67 with Quick ratio for the last quarter at 1.50.
Trading performance analysis for EOG stock
EOG Resources Inc. [EOG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.15. With this latest performance, EOG shares gained by 12.46% in over the last four-week period, additionally plugging by 109.63% over the last 6 months – not to mention a rise of 117.75% 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 60.56, with the RSI for the last a single of trading hit 61.90, and the three-weeks RSI is set at 60.22 for EOG Resources Inc. [EOG]. The present Moving Average for the last 50 days of trading for this stock 65.34, while it was recorded at 73.93 for the last single week of trading, and 50.66 for the last 200 days.
EOG Resources Inc. [EOG]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and EOG Resources Inc. [EOG] shares currently have an operating margin of -0.14 and a Gross Margin at +9.54. EOG Resources Inc.’s Net Margin is presently recorded at -6.09.
Return on Total Capital for EOG is now -0.05, given the latest momentum, and Return on Invested Capital for the company is -2.32. Return on Equity for this stock declined to -2.88, with Return on Assets sitting at -1.66. When it comes to the capital structure of this company, EOG Resources Inc. [EOG] has a Total Debt to Total Equity ratio set at 33.26. Additionally, EOG Total Debt to Total Capital is recorded at 24.96, with Total Debt to Total Assets ending up at 18.86. Long-Term Debt to Equity for the company is recorded at 27.96, with the Long-Term Debt to Total Capital now at 20.98.
Reflecting on the efficiency of the workforce at the company, EOG Resources Inc. [EOG] managed to generate an average of -$208,473 per employee. Receivables Turnover for the company is 5.37 with a Total Asset Turnover recorded at a value of 0.27.EOG Resources Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.70.
EOG Resources Inc. [EOG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, EOG Resources Inc. posted 0.55/share EPS, while the average EPS was predicted by analysts to be reported at 0.66/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -16.70%. 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 58.35%.
An analysis of insider ownership at EOG Resources Inc. [EOG]
There are presently around $38,988 million, or 90.70% 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 70,646,904, which is approximately -0.505% of the company’s market cap and around 0.30% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 56,290,897 shares of the stock with an approximate value of $4.24 billion in EOG stocks shares; and VANGUARD GROUP INC, currently with $3.39 billion in EOG stock with ownership of nearly -5.199% of the company’s market capitalization.
Positions in EOG Resources Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 391 institutional holders increased their position in EOG Resources Inc. [NYSE:EOG] by around 58,583,387 shares. Additionally, 430 investors decreased positions by around 57,860,122 shares, while 97 investors held positions by with 401,049,926 shares. The mentioned changes placed institutional holdings at 517,493,435 shares, according to the latest SEC report filing. EOG stock had 147 new institutional investments in for a total of 4,113,275 shares, while 76 institutional investors sold positions of 3,679,016 shares during the same period.