For its third fiscal quarter (ending September 30), EOG Resources Inc. (NYSE: EOG) has reported a -28% decline in E.P.S. from $4.90 a year ago to $3.51 in the current quarter. However, this performance was $0.52 better than the consensus estimate of $2.99. For the latest four quarters through September 30, E.P.S. were $13.55 compared to $12.82 a year ago — an increase of 6%.
Recent Price Action
EOG Resources Inc. (NYSE: EOG) stock enjoyed a large increase of 3.6% on 11/2/23. The stock closed at $128.65. The stock has been exceptionally strong relative to the market over the last nine months but has declined -0.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EOG is expected to continue to be a major Value Builder.
EOG Resources has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. EOG Resources has a slightly positive Appreciation Score of 62 and a very high Power Rating of 86, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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