EOG Resources (NYSE:EOG) hit a new 52-week high Wednesday as it is currently trading at $128.78, above its previous 52-week high of $127.34 with 78,359 shares traded as of 9:35 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.
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. NEW YORK ( TheStreet) -- EOG Resources (NYSE: EOG) hit a new 52-week high Wednesday as it is currently trading at $128.78, above its previous 52-week high of $127.34 with 78,359 shares traded as of 9:35 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. EOG has a market cap of $33.64 billion and is part of the basic materials sector and energy industry. Shares are up 2.8% year to date as of the close of trading on Tuesday. 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. The company has a P/E ratio of 28.1, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates EOG as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full EOG Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.