EOG Rises On Unusually High Volume (EOG)

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) is trading at unusually high volume Tuesday with 3.8 million shares changing hands. It is currently at two times its average daily volume and trading up $10.11 (+8%) at $136.15 as of 1:50 p.m. ET.

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EOG has a market cap of $33.71 billion and is part of the basic materials sector and energy industry. Shares are up 4.3% year to date as of the close of trading on Monday.

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas. The company has a P/E ratio of 58.8, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates EOG as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. 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.

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