EOG Resources (EOG): Today's Featured Energy Laggard

EOG Resources ( EOG) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 1.1%. By the end of trading, EOG Resources fell $1.01 (-0.9%) to $105.74 on average volume. Throughout the day, 2.5 million shares of EOG Resources exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in price between $105.51-$107.33 after having opened the day at $106.73 as compared to the previous trading day's close of $106.75. Other company's within the Energy industry that declined today were: GeoMet ( GMET), down 16%, Tesco Corporation ( TESO), down 15.2%, Cubic Energy ( QBC), down 10.7%, and Adams Resources & Energy ( AE), down 4.9%.

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 $25.91 billion and is part of the basic materials sector. The company has a P/E ratio of 18.7, below the average energy industry P/E ratio of 20.2 and above the S&P 500 P/E ratio of 17.7. Shares are down 2.4% year to date as of the close of trading on Friday. Currently there are 17 analysts that rate EOG Resources a buy, no analysts rate it a sell, and seven 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, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Recon Technology ( RCON), up 20.7%, GeoPetro Resources Company ( GPR), up 18.8%, PostRock Energy ( PSTR), up 9.7%, and Whiting USA Trust I ( WHX), up 8.3%, were all gainers within the energy industry with BP ( BP) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).
null

If you liked this article you might like

Learn From My Portfolio Mistakes: Cramer's 'Mad Money' Recap (Friday 9/1/17)

Oil Will Turn Soon, But Not All Oil Companies Will Follow

Jim Cramer Reveals What to Do When You're Hung on Oil Stocks

Slipping EOG Resources Likely Needs to Build a New Base

Cramer: You Could Short Oil Stocks by Throwing Darts at Them