Extremely important negative changes in fundamentals have recently occurred for EOG Resources Inc. (NYSE: EOG): the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. EOG Resources has a slightly positive Appreciation Score of 63 and a neutral Power Rating of 47, leading to the Neutral Value Trend Rating.
Recent Price Action
EOG Resources Inc. (NYSE: EOG) stock rose slightly by 0.2% on 10/11/24. The stock closed at $132.45. However, trading volume in this advance was exceptionally low at 46% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.3% during the last week.
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