Wall Street Analyst Resumed EOG Resources, Inc. [EOG]. What else is Wall St. saying

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EOG Resources, Inc. [NYSE: EOG] closed the trading session at $122.78.

The stocks have a year to date performance of 1.51 percent and weekly performance of -4.50 percent. The stock has been moved at 5.66 percent over the last six months. The stock has performed -0.28 percent around the most recent 30 days and changed 2.49 percent over the most recent 3-months.

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If compared to the average trading volume of 2.79M shares, EOG reached to a volume of 2732392 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $146.75 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 2.09. 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.

Wolfe Research have made an estimate for EOG Resources, Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, Truist dropped their target price from $163 to $136. The new note on the price target was released on May 16, 2024, representing the official price target for EOG Resources, Inc. stock. Previously, the target price had yet another raise to $155, while Scotiabank analysts kept a Sector Perform rating on EOG stock.

The Average True Range (ATR) for EOG Resources, Inc. is set at 2.74, with the Price to Sales ratio for EOG stock in the period of the last 12 months amounting to 2.90. The Price to Book ratio for the last quarter was 2.40, with the Price to Cash per share for the same quarter was set at 9.55. Price to Free Cash Flow for EOG in the course of the last twelve months was 13.81 with Quick ratio for the last quarter at 1.89.

EOG stock trade performance evaluation

EOG Resources, Inc. [EOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.50. With this latest performance, EOG shares dropped by -0.28% in over the last four-week period, additionally plugging by 5.66% over the last 6 months – not to mention a drop of -5.06% 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 40.15, with the RSI for the last a single of trading hit 34.85, and the three-weeks RSI is set at 43.14 for EOG Resources, Inc. [EOG]. The present Moving Average for the last 50 days of trading for this stock 126.72, while it was recorded at 126.79 for the last single week of trading, and 123.47 for the last 200 days.

EOG Resources, Inc. [EOG]: An insightful look at the core fundamentals

EOG Resources, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.89 and a Current Ratio set at 2.12.

Earnings per share (EPS) analysis for EOG Resources, Inc. [EOG] stock

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 7.40%.

EOG Resources, Inc. [EOG]: Institutional Ownership

There are presently around $93.36%, or 93.68%% of EOG stock, in the hands of institutional investors. The top three institutional holders of EOG stocks are: VANGUARD GROUP INC with ownership of 53.87 million shares, which is approximately 9.3686%. BLACKROCK INC., holding 40.41 million shares of the stock with an approximate value of $$5.09 billion in EOG stocks shares; and BLACKROCK INC., currently with $$4.5 billion in EOG stock with ownership which is approximately 6.2217%.