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 1.2%. By the end of trading, EOG Resources fell $4.31 (-3.2%) to $129.02 on heavy volume. Throughout the day, 2.8 million shares of EOG Resources exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $127.78-$134 after having opened the day at $133.26 as compared to the previous trading day's close of $133.33. Other companies within the Energy industry that declined today were: Endeavour International ( END), down 14.1%, Quicksilver Resources ( KWK), down 8.4%, Whiting USA Trust I ( WHX), down 7.4%, and New Concept Energy ( GBR), down 7.1%.
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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 $36.19 billion and is part of the basic materials sector. The company has a P/E ratio of 30.2, above the S&P 500 P/E ratio of 17.7. Shares are up 10.6% year to date as of the close of trading on Thursday. Currently there are 19 analysts that rate EOG Resources a buy, one analyst rates it a sell, and four 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 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.

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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