EOG Resources, Inc. (EOG): What’s the Story?

EOG Resources, Inc. (EOG) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $115.14, up from yesterday’s close by 2.79%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

EOG Resources, Inc. (EOG) currently trades with a market capitalization of $65.85 Billion. That value represents a market adjusting for revenues that have been growing by 31.97 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$65.91 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.47 on a per share basis this quarter. Perhaps, that suggests something about why 0.89% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, EOG Resources, Inc. recorded a 52-week high of $113.75. It is now trading -1.39% off that level. The stock is trading $104.15 its 50-day moving average by -10.99%. The stock carved out a 52-week low down at $81.99.

In recent action, EOG Resources, Inc. (EOG) has made a move of +14.82% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 21.04, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.55% with $571.93 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of EOG.

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