EOG Resources, Inc. (NYSE:EOG) dropped -0.07% in recent trade and currently has a stock-market value of $57.22B. The shares finished at $99.12, after trading as low as $97.28 earlier in the session. It hit an intraday high Thursday at $99.32. Trading activity significantly weakened as the volume at ready counter decreased to 3,446,130 shares versus 4,062,650 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,834,229 shares. The stock is now 20.82% above against its bear-market low of $82.04 on December 26, 2018. It has retreated -34.72% since it’s 52-week high of $133.53 reached in October. Now the market price is down -11.27% on the year and up 13.66% YTD.
EOG’s 50 day simple moving average (SMA 50) price is $99.57 and its 200-day simple moving average (SMA 200) price is $114.1. The company’s stock currently has a total float of 577.15M shares. Its weekly volatility is hovering around 3.12% and felt 4.06% volatility in price over a month. On the upside, the share price will test short term resistance at around $99.87. On a downside, the stock is likely to find some support, which begins at $97.83. The failure to get near-term support could push it to $96.53.
Separately, it has been reported that multiple insider activity took place at EOG Resources, Inc. (EOG). EVP Exploration and Production Yacob Ezra Y sold 2,388 shares for $45,424 in transaction occurred on 2019/01/09. After making this transaction, the EVP Exploration and Production owns a direct stake of 235,863 shares, worth $4,502,427, as per the last closing price. On 2018/12/20 Wisner Frank G, Director at EOG, dumped 3,150 shares at an average price of $92.6 per share. The selling total is valued at $11,927,704.
EVP Exploration and Production, Trice David W had divested 2,489 shares for $74,807 through a trade on 2018/09/28. Following this activity, the insider holds 317,198 shares worth $7,414,870 as of recent close. Wall Street’s most bullish EOG Resources, Inc. (NYSE:EOG) analysts are predicting the share price to blow past $179 per share during the next 12 months. The current median share price forecast by them is $126, suggesting that the stock could increase 27.12% in that time frame. The average price target of $125.26 calls for a nearly 26.37% increase in the stock price.
It had seen a positive analyst call from RBC Capital Mkts, which upgraded the stock from Sector Perform to Outperform on January 07. Analysts at BofA/Merrill, shed their positive views on January 04 by lowering it fromBuy to Neutral. The stock won favor of JP Morgan analysts who expressed their confidence in it using an upgrade from Neutral to Overweight on December 07. MKM Partners, released new analyst coverage on December 06, calling the stock is Buy.
When looking at valuations, EOG Resources, Inc. (EOG) has a pricey P/E of 20.88x as compared to industry average of 14.33x. Moreover, it trades for 16.77 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.09x price/book and 3.57x price/sales. Compared to others, EOG Resources, Inc. is in a different league with regards to profitability, having net margins of 31%. To put some perspective around this, the industry’s average net margin is 17.85%. EOG’s ROE is 28.7%, which is also considerably better than the industry’s ROE of 18.52%. It’s also very liquid in the near term, with a current ratio of 1.1. The stock has a debt/capital of 0.35.
Shares of EOG Resources, Inc. (EOG) have dropped -7.2% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, EOG Resources, Inc. (NYSE:EOG) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 2 quarters (16%), whereas at 1 occasion EPS met analyst expectations. EOG last reported earnings on November 01, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.75 per share, -88.49% change on the same period last year. That was better than consensus for $1.52. Revenue for the recent quarter stood at $4.78 billion, up 81% on last year and above the $4.55 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $3.93 billion to $4.87 billion, which should be compared with $3.35 billion generated last year. EPS is seen in a range of $0.25 to $1.91, against the $0.74 reported a year ago.