New Lifetime High Today: EOG Resources (EOG)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified EOG Resources ( EOG) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified EOG Resources as such a stock due to the following factors:

  • EOG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $412.8 million.
  • EOG has traded 10,663 shares today.
  • EOG is trading at a new lifetime high.

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More details on EOG:

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The stock currently has a dividend yield of 0.5%. EOG has a PE ratio of 23.5. Currently there are 22 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for EOG Resources has been 4.0 million shares per day over the past 30 days. EOG has a market cap of $54.1 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.53 and a short float of 1.1% with 1.67 days to cover. Shares are up 18.1% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 7.9%. Since the same quarter one year prior, revenues rose by 21.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The current debt-to-equity ratio, 0.38, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.04, which illustrates the ability to avoid short-term cash problems.
  • Powered by its strong earnings growth of 212.76% and other important driving factors, this stock has surged by 50.90% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • EOG RESOURCES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, EOG RESOURCES INC increased its bottom line by earning $8.05 versus $2.10 in the prior year. This year, the market expects an improvement in earnings ($9.79 versus $8.05).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 214.9% when compared to the same quarter one year prior, rising from -$505.00 million to $580.19 million.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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