EOG Stock Summary and Trading Ideas (Eog Resources | NYSE:EOG)

EOG Resources is an oil and gas producer with acreage in several US shale plays, primarily in the Permian Basin and the Eagle Ford. At the end of 2023, it reported net proven reserves of 4.5 billion barrels of oil equivalent. Net production averaged roughly 985,000 barrels of oil equivalent per day in 2023 at a ratio of 71% oil and natural gas liquids and 29% natural gas.

Eog Resources trades on the NYSE stock market under the symbol EOG.

As of April 15, 2024, EOG stock price declined to $132.39 with 2,835,404 million shares trading.

EOG has a beta of 0.65, meaning it tends to be less sensitive to market movements. EOG has a correlation of 0.08 to the broad based SPY ETF.

EOG has a market cap of $76.79 billion. This is considered a Large Cap stock.

Last quarter Eog Resources reported $6 billion in Revenue and $3.07 earnings per share. This beat revenue expectation by $167 million and met earnings estimates .

In the last 3 years, EOG stock traded as high as $150.88 and as low as $62.81.

The top ETF exchange traded funds that EOG belongs to (by Net Assets): VTI, XLE, SCHD, VOO, SPY.

EOG stock has underperformed the market in the last year with a return of +13.0%, while SPY returned +25.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EOG shares. However, EOG has outperformed the market in the last 3 month and 2 week periods, returning +15.8% and +3.6%, while SPY returned +6.2% and -3.6%, respectively. This indicates EOG has been having a stronger performance recently.

EOG support price is $132.86 and resistance is $135.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EOG stock will trade within this expected range on the day.