EOG Resources (EOG) Stock Moves -1.84%: What You Should Know

This story originally appeared on Zacks

EOG Resources (EOG) closed the last trading day at $93.60, up -1.84% from the previous trading session. This change was narrower than the S&P 500’s daily loss of 1.94%. Meanwhile, the Dow Jones lost 1.07%, and the tech-heavy Nasdaq lost 0.39%.

– Zacks

As of today, the oil and gas company’s shares are up 5.29% in the last month. At the same time, the oil and energy sector rose 5.65%, while the S&P 500 rose 5.72%.

Wall Street will be looking for positivity from EOG Resources as it approaches the next earnings report date. The company is expected to report earnings per share of $3.25, up 357.75% from the previous quarter. Meanwhile, Zacks revenue estimates forecast net sales of $5.93 billion, up 99.82% from the same period last year.

Investors may also notice recent changes in analyst estimates of EOG Resources. These reviews usually reflect the latest short-term business trends, which can change frequently. As such, positive rating reviews reflect the analyst’s optimism about the company’s business and profitability.

Our research shows that these discretionary changes are directly correlated with near-term stock prices. We developed Zacks Rank to take advantage of this phenomenon. Our system takes these discretionary changes into account and provides a clear and actionable rating model.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank system has a proven and externally audited track record of outperforming, with the #1 stock returning an average of +25% per year since 1988. In the past 30 days, Our consolidated EPS is down 0.85%. EOG Resources is currently rated at Zacks #3 (Hold).

Investors should also note EOG Resources’ current valuation metrics, including a forward price-to-earnings ratio of 9.36. This is a premium compared to the industry’s average forward P/E of 5.89.

Investors should note that EOG has a PEG ratio of 0.45 at the moment. This common metric is similar to the widely known price-earnings (P/E) ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. Oil and Gas – Exploration and Production – The US held its average price-earnings-growth (PEG) ratio of 0.27 at yesterday’s closing price.

Oil and Gas – Exploration and Production – The US industry is part of the oil and energy sector. This group has a Zacks Industry Rating of 179, placing it in the lowest 30% of all 250+ industries.

Zacks Industry Ranks are listed in order from best to worst in terms of the average Zacks rating of individual companies in each of these sectors. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

You can find more information about all of these metrics and more at Zacks.com.

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