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

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.

EOG Resources ( EOG) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 0.5%. By the end of trading, EOG Resources fell $2.31 (-2%) to $113.57 on light volume. Throughout the day, 1.6 million shares of EOG Resources exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $113.50-$115.79 after having opened the day at $115.64 as compared to the previous trading day's close of $115.88. Other companies within the Energy industry that declined today were: Royale Energy ( ROYL), down 11.1%, Clayton Williams Energy ( CWEI), down 8.3%, Crimson Exploration ( CXPO), down 7.2%, and Isramco ( ISRL), down 6.6%.
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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 $31.43 billion and is part of the basic materials sector. The company has a P/E ratio of 22.6, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 17.6% year to date as of the close of trading on Tuesday. 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 solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Geokinetics ( GOK), up 32%, Lucas Energy ( LEI), up 14.2%, Double Eagle Petroleum Company ( DBLE), up 7.4%, and New Concept Energy ( GBR), up 6.3%, were all gainers within the energy industry with Kodiak Oil & Gas ( KOG) 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).

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