EOG Resources, Inc. [NYSE: EOG] traded at a high on Wednesday, posting a 1.16 gain after which it closed the day’ session at $133.78. The company report on April 2, 2024 at 4:15 PM that EOG Resources Announces President Billy Helms’ Retirement.
EOG Resources, Inc. (EOG) today announced that Lloyd W. “Billy” Helms, Jr., EOG’s President, has made the decision to retire May 31, 2024.
Billy Helms joined an EOG predecessor company in 1981 and has served in several positions of increasing responsibility in multiple EOG divisions over his career with the company. Helms joined the Houston executive management team in 2012 as Executive Vice President, Exploration and Production, managing EOG’s operations across several divisions along with the company’s Engineering and Acquisitions and Business Development functions. He served as Chief Operating Officer from 2017 through 2023 and as President of EOG since 2021.
The results of the trading session contributed to over 3485565 shares changing hands. Over the past one week, the price volatility of EOG Resources, Inc. stands at 1.62% while the volatility over the past one month is 1.60%.
The market cap for EOG stock reached $77.59 billion, with 580.86 million shares outstanding and 578.59 million shares in the current float. Compared to the average trading volume of 3.50M shares, EOG reached a trading volume of 3485565 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 $139.29 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 1.91. 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.
BofA Securities have made an estimate for EOG Resources, Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 05, 2024. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $150 to $130. The new note on the price target was released on December 14, 2023, representing the official price target for EOG Resources, Inc. stock. Previously, the target price had yet another raise to $134, while Morgan Stanley analysts kept a Equal-Weight rating on EOG stock. On December 06, 2023, analysts decreased their price target for EOG shares from 156 to 150.
The Average True Range (ATR) for EOG Resources, Inc. is set at 2.21, with the Price to Sales ratio for EOG stock in the period of the last 12 months amounting to 3.33. The Price to Book ratio for the last quarter was 2.77, with the Price to Cash per share for the same quarter was set at 9.10. Price to Free Cash Flow for EOG in the course of the last twelve months was 15.05 with Quick ratio for the last quarter at 2.13.
How has EOG stock performed recently?
EOG Resources, Inc. [EOG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.36. With this latest performance, EOG shares gained by 15.50% in over the last four-week period, additionally plugging by 9.57% over the last 6 months – not to mention a rise of 18.20% 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 79.23, with the RSI for the last a single of trading hit 84.37, and the three-weeks RSI is set at 73.78 for EOG Resources, Inc. [EOG]. The present Moving Average for the last 50 days of trading for this stock 117.90, while it was recorded at 130.00 for the last single week of trading, and 122.41 for the last 200 days.
EOG Resources, Inc. [EOG]: Deeper insight into the fundamentals
EOG Resources, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.13 and a Current Ratio set at 2.44.
Earnings analysis for EOG Resources, Inc. [EOG]
With the latest financial reports released by the company, EOG Resources, Inc. posted 2.69/share EPS, while the average EPS was predicted by analysts to be reported at 2.48/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.50%. 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 54.90%.
Insider trade positions for EOG Resources, Inc. [EOG]
The top three institutional holders of EOG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in EOG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in EOG stock with ownership which is approximately 5.8386%.
