For its first fiscal quarter (ending March 31), EOG Resources Inc. (NYSE: EOG) has reported a -10% decline in E.P.S. from $3.46 a year ago to $3.11 in the current quarter. However, this result exceeded the consensus estimate of $3.10 by $0.01. E.P.S. were $12.73 for the latest four quarters through March 31 versus $16.10 for the same period a year ago — a decline of -21%.
Recent Price Action
On 5/2/24, EOG Resources Inc. (NYSE: EOG) stock increased 1.4%, closing at $131.80. NORMAL trading volume accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -2.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, EOG is expected to continue to be a major Value Builder.
EOG Resources has a current Value Trend Rating of C (Low Neutral). 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 30, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment