Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 1.3%. By the end of trading, EOG Resources fell $2.16 (-2%) to $105.89 on light volume. Throughout the day, 1.3 million shares of EOG Resources exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $105.45-$107.45 after having opened the day at $107.45 as compared to the previous trading day's close of $108.05. Other companies within the Basic Materials sector that declined today were:
), down 10.1%,
), down 9.4%,
), down 8.4%, and
), down 7.5%.
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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 $29.38 billion and is part of the
industry. The company has a P/E ratio of 21.2, below the average energy industry P/E ratio of 21.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 10.5% year to date as of the close of trading on Wednesday. Currently there are 18 analysts that rate EOG Resources a buy, no analysts rate it a sell, and six rate it a hold.
TheStreet Ratings rates EOG Resources as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full EOG Ratings Report.
On the positive front,
), up 16.6%,
), up 16.2%,
), up 13.6%, and
), up 10.4%, were all gainers within the basic materials sector with
) being today's featured basic materials sector leader.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
) while those bearish on the basic materials sector could consider
- Find other investment ideas from our top rated ETFs lists.
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