Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 0.4%. By the end of trading, EOG Resources fell $2.77 (-1.6%) to $166.43 on average volume. Throughout the day, 1,671,884 shares of EOG Resources exchanged hands as compared to its average daily volume of 1,699,200 shares. The stock ranged in price between $165.52-$169.69 after having opened the day at $169.04 as compared to the previous trading day's close of $169.20. Other companies within the Energy industry that declined today were:
), down 9.4%,
), down 7.1%,
), down 6.1% and
), down 5.4%.
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EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas. EOG Resources has a market cap of $46.2 billion and is part of the basic materials sector. The company has a P/E ratio of 41.7, above the S&P 500 P/E ratio of 17.7. Shares are up 40.1% year to date as of the close of trading on Tuesday. Currently there are 19 analysts that rate EOG Resources a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full EOG Resources Ratings Report.
On the positive front,
), up 19.9%,
), up 8.8%,
), up 8.3% and
), up 7.4% , were all gainers within the energy industry with
) being today's featured energy industry leader.
- Use our energy section to find industry-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 energy industry could consider
) while those bearish on the energy industry could consider
- Find other investment ideas from our top rated ETFs lists.