EOG Stock Hits New 52-Week High (EOG)

NEW YORK ( TheStreet) -- EOG Resources (NYSE: EOG) hit a new 52-week high Tuesday as it is currently trading at $139.18, above its previous 52-week high of $139 with 999,115 shares traded as of 12:35 p.m. ET. Average volume has been 1.9 million shares over the past 30 days.

EOG has a market cap of $35.83 billion and is part of the basic materials sector and energy industry. Shares are up 9% 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 48, 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, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full EOG Ratings Report.

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