EOG Resources (EOG) Suffers a Larger Drop Than the General Market: Key Insights
From “NASDAQ”:
Summary: EOG stock closed at $120.95, down by 0.31%. In the last month, it lagged the Oils-Energy sector and S&P’s performance. Earnings per share is projected to increase by 5.15% this quarter. Consensus estimates are predicting a 5.07% decline in revenue. Analyst revisions and stock price performance are closely associated. Positive estimate revisions reflect positive analyst sentiment.
Summary: Valuation is crucial in evaluating EOG Resources. It currently has a Forward P/E ratio of 10.04. The company’s PEG ratio is 0.35, further indicating its growth potential. EOG is part of the Oil and Gas – Exploration and Production – United States industry with an average PEG ratio of 0.44. This industry currently carries a Zacks Industry Rank of 201, leaving it in the bottom 21% of over 250 industries.
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