EOG Resources Inc. (NYSE: EOG) has reported earnings for its second fiscal quarter (ending June 30) of $2.97 versus $2.68 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $13.02 compared to $14.94 a year ago.
Recent Price Action
EOG Resources Inc. (NYSE: EOG) stock declined by -2.9% on 8/1/24. The shares closed at $123.11. This decline was accompanied by normal trading volume. The stock has declined -1.6% during the last week and has performed in line with the market over the last nine months.
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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. EOG Resources has a neutral Power Rating of 51 and a slightly positive Appreciation Score of 64, leading to the High Neutral Value Trend Rating.
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.
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