Why EOG Resources, Inc. (NYSE:EOG) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $95.3400 on EOG Resources, Inc. (NYSE:EOG) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $-1.6500 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of EOG Resources, Inc. (NYSE:EOG) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For EOG Resources, Inc. Common Stoc, the PEG ratio for coming 3-5 years is -0.2000.

Technical Analysis

The technical analysis highlights that EOG Resources, Inc. Common Stoc current is trading $5.1064 points away or +5.9823% from its 50-day moving average of $85.3583. Further it is trading $11.3297 or +14.3169% away its 200-day moving average of $79.1350.

The 52-week high of EOG Resources, Inc. (NYSE:EOG) was $92.1000 while lowest point recorded in 52-week was $57.1500. It implies if stock price makes a movement of over $-1.6353, it will record a new 52-week high. In the case of +58.2934% drop, it will touch a new 52-week low.

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