Drilling Down Into EOG Resources, Inc. (EOG)

EOG Resources, Inc. (EOG) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $121.50, up from yesterday’s close by 1.06%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

EOG Resources, Inc. (EOG) currently trades with a market capitalization of $70.53 Billion. That value represents a market adjusting for revenues that have been growing by 40.68 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $300.57 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1 on a per share basis this quarter. Perhaps, that suggests something about why 0.91% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, EOG Resources, Inc. recorded a 52-week high of $120.41. It is now trading -1.09% off that level. The stock is trading $109.41 its 50-day moving average by -12.09%. The stock carved out a 52-week low down at $81.99.

In recent action, EOG Resources, Inc. (EOG) has made a move of +7.67% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.21% with $575.84 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of EOG.

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