The basic materials sector closed the day down 1.8%. Mission NewEnergy ( MNEL), Geokinetics Inc ( GOK), Energy Services of America Corporation ( ESA), and Blue Dolphin Energy Company ( BDCO) were all decliners today within the basic materials sector with EOG Resources ( EOG) being today's featured basic materials loser. EOG Resources fell $3.64 (-4.6%) to $74.90 on average volume. Throughout the day, 3.2 million shares of EOG Resources exchanged hands as compared to its average daily volume of 3.1 million shares. 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 $20.6 billion and is part of the energy industry. The company has a P/E ratio of 49.2, below the average energy industry P/E ratio of 49.5 and above the S&P 500 P/E ratio of 17.7. Shares are down 14.1% year to date as of the close of trading on Thursday. TheStreet Ratings rates EOG as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.
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