EOG Resources (EOG): Today's Featured Energy Winner
EOG Resources (EOG) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 0.4%. By the end of trading, EOG Resources rose $1.27 (1.4%) to $94.44 on average volume. Throughout the day, three million shares of EOG Resources exchanged hands as compared to its average daily volume of three million shares. The stock ranged in a price between $93.01-$95.56 after having opened the day at $94.55 as compared to the previous trading day's close of $93.17. Other companies within the Energy industry that increased today were: Cano Petroleum (CFW), up 14.9%, Saratoga Resources (SARA), up 10.5%, New Concept Energy (GBR), up 7%, and GeoPetro Resources Company (GPR), up 6.1%. EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad and Tobago, the United Kingdom, and the People's Republic of China. EOG Resources has a market cap of $26.48 billion and is part of the basic materials sector. The company has a P/E ratio of 25.5, below the average energy industry P/E ratio of 25.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 7.8% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate EOG Resources a buy, one analyst rates it a sell, and 12 rate it a hold. TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
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