EOG Resources (EOG) Stock Sinks As Market Gains: Here’s Why

From Nasdaq:

EOG Resources closed at $120.38, a -0.53% change from the previous day. The oil and gas company’s stock has gained 2.26% in the past month, outperforming the sector. EOG is projected to post an EPS of $3.47, a 5.15% increase from last year, but with 5.07% less revenue, according to consensus estimates.

Market participants are keeping an eye on EOG Resources financial results which are predicted to post an EPS of $3.47, a 5.15% increase from last year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.38 billion, indicating a 5.07% decrease compared to the same quarter of the previous year. Further, there are changes to analyst estimates, often reflecting short-term business patterns.

Investors might also notice recent changes to analyst estimates for EOG Resources, along with the Zacks Rank, a model that quantitatively includes these changes and presents a viable rating system. The Zacks Rank system has an impressive history of outperformance, with #1 stocks generating an average annual return of +25% since 1988. EOG Resources is currently at a Zacks Rank of #3 (Hold).

EOG Resources P/E ratio is currently at 8.97, signifying a premium compared to the industry’s average. It also has a PEG ratio of 0.31. The Oil and Gas – Exploration and Production – United States industry is in the bottom 5% of all industries, with a Zacks Industry Rank of 240. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

EOG Resources closed at a PEG ratio of 0.31, below the industry’s 0.4. Its Zacks Industry Rank of 240 places it in the bottom 5% of all industries, with the top 50% consistently outperforming the bottom half by a factor of 2 to 1. All the information you need to follow EOG are available at Zacks.com.

EOG Resources’ PEG ratio is at 0.31, below the industry average of 0.4. It also has a Zacks Industry Rank of 240. You can follow all the latest happenings at Zacks.com.

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Investors should also note that EOG has a PEG ratio of 0.31 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. The Oil and Gas – Exploration and Production – United States industry currently had an average PEG ratio of 0.4 as of yesterday’s close.

The Oil and Gas – Exploration and Production – United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 240, which puts it in the bottom 5% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we’ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.47% lower within the past month. EOG Resources is currently sporting a Zacks Rank of #3 (Hold).

All the latest industry average P/E ratios, use of the Zacks Rank, and the company’s PEG ratio, as well as other financial information, are available on Zacks.com.

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In the latest trading session, EOG Resources (EOG) closed at $120.38, marking a -0.53% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.18%. Elsewhere, the Dow gained 0.07%, while the tech-heavy Nasdaq added 0.1%. Shares of the oil and gas company have appreciated by 2.26% over the course of the past month, outperforming the Oils-Energy sector’s gain of 1.79% and lagging the S&P 500’s gain of 2.75%.



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