Stock Rating Upgrade
The Value Trend Rating for EOG Resources Inc. (NYSE: EOG) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, EOG Resources Inc. (NYSE: EOG) stock declined slightly by -0.4%, closing at $135.45. NORMAL trading volume accompanied the decline. The stock has risen 6.0% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
EOG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
EOG Resources has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. EOG Resources has a neutral Appreciation Score of 58 and a slightly negative Power Rating of 33, triggering the Low Neutral Value Trend Rating.
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