EOG Resources Inc (EOG): Today's Featured Energy Laggard

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.

EOG Resources ( EOG) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole was unchanged today. By the end of trading, EOG Resources fell $1.60 (-1.5%) to $103.48 on average volume. Throughout the day, 3,619,191 shares of EOG Resources exchanged hands as compared to its average daily volume of 3,994,100 shares. The stock ranged in price between $103.42-$105.50 after having opened the day at $105.50 as compared to the previous trading day's close of $105.08. Other companies within the Energy industry that declined today were: Eagle Rock Energy Partners ( EROC), down 16.9%, Core Laboratories ( CLB), down 9.2%, MagneGas ( MNGA), down 6.7% and Bolt Technology ( BOLT), down 6.3%.

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. EOG Resources has a market cap of $55.9 billion and is part of the basic materials sector. Shares are up 25.2% year to date as of the close of trading on Wednesday. Currently there are 21 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 6 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Magellan Petroleum ( MPET), up 10.8%, Synergy Resources ( SYRG), up 7.6%, Clayton Williams Energy ( CWEI), up 7.3% and Petroquest Energy ( PQ), up 6.9% , were all gainers within the energy industry with Anadarko Petroleum ( APC) being today's featured energy industry leader.

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).

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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