EOG Resources Inc. [NYSE: EOG] stock went on an upward path that rose over 0.16% on Thursday, amounting to a one-week price decrease of less than -2.05%. The company report on March 22, 2023 at 4:15 PM that EOG Resources Schedules Conference Call and Webcast of First Quarter 2023 Results for May 5, 2023.
EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss first quarter 2023 results on Friday, May 5, 2023, 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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Over the last 12 months, EOG stock rose by 8.80%. The one-year EOG Resources Inc. stock forecast points to a potential upside of 19.23. The average equity rating for EOG stock is currently 1.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $68.64 billion, with 587.78 million shares outstanding and 584.87 million shares in the current float. Compared to the average trading volume of 4.00M shares, EOG stock reached a trading volume of 2826158 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $143.42 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 1.90. 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.
UBS have made an estimate for EOG Resources Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 19, 2023. While these analysts kept the previous recommendation, Scotiabank dropped their target price from $150 to $145. The new note on the price target was released on April 13, 2023, representing the official price target for EOG Resources Inc. stock. Previously, the target price had yet another raise to $167, while Wells Fargo analysts kept a Overweight rating on EOG stock. On January 10, 2023, analysts increased their price target for EOG shares from 155 to 160.
The Average True Range (ATR) for EOG Resources Inc. is set at 2.84, with the Price to Sales ratio for EOG stock in the period of the last 12 months amounting to 2.68. The Price to Book ratio for the last quarter was 2.73, with the Price to Cash per share for the same quarter was set at 10.08. Price to Free Cash Flow for EOG in the course of the last twelve months was 12.34 with Quick ratio for the last quarter at 1.70.
EOG Stock Performance Analysis:
EOG Resources Inc. [EOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.05. With this latest performance, EOG shares gained by 4.92% in over the last four-week period, additionally sinking by -10.38% over the last 6 months – not to mention a rise of 8.80% 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 46.64, with the RSI for the last a single of trading hit 41.64, and the three-weeks RSI is set at 47.36 for EOG Resources Inc. [EOG]. The present Moving Average for the last 50 days of trading for this stock 115.63, while it was recorded at 116.93 for the last single week of trading, and 122.48 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 +47.45 and a Gross Margin at +54.73. EOG Resources Inc.’s Net Margin is presently recorded at +26.20.
Return on Total Capital for EOG is now 47.77, given the latest momentum, and Return on Invested Capital for the company is 27.24. Return on Equity for this stock inclined to 33.05, with Return on Assets sitting at 19.49. When it comes to the capital structure of this company, EOG Resources Inc. [EOG] has a Total Debt to Total Equity ratio set at 24.04. Additionally, EOG Total Debt to Total Capital is recorded at 19.38, with Total Debt to Total Assets ending up at 14.40. Long-Term Debt to Equity for the company is recorded at 17.67, with the Long-Term Debt to Total Capital now at 14.25.
Reflecting on the efficiency of the workforce at the company, EOG Resources Inc. [EOG] managed to generate an average of $2,722,456 per employee. Receivables Turnover for the company is 11.38 with a Total Asset Turnover recorded at a value of 0.74.EOG Resources Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.90.
EOG Stock EPS
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 0.28%.
EOG Resources Inc. [EOG] Insider Position Details
There are presently around $61,050 million, or 89.00% of EOG stock, in the hands of institutional investors. The top three institutional holders of EOG stocks are: VANGUARD GROUP INC with ownership of 54,345,772, which is approximately 1.445% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 45,696,518 shares of the stock with an approximate value of $5.29 billion in EOG stocks shares; and STATE STREET CORP, currently with $4.08 billion in EOG stock with ownership of nearly 3.541% of the company’s market capitalization.
Positions in EOG Resources Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 713 institutional holders increased their position in EOG Resources Inc. [NYSE:EOG] by around 43,760,841 shares. Additionally, 601 investors decreased positions by around 29,324,163 shares, while 155 investors held positions by with 454,753,277 shares. The mentioned changes placed institutional holdings at 527,838,281 shares, according to the latest SEC report filing. EOG stock had 177 new institutional investments in for a total of 4,321,910 shares, while 111 institutional investors sold positions of 3,050,123 shares during the same period.