Alert: Positive Investment/Fundamental Signals (12/4/23)-EOG Resources Inc. (NYSE: EOG)


EOG Resources Inc. (NYSE: EOG) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.

EOG Resources Inc. (NYSE: EOG) has recently enjoyed significant positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

EOG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

EOG Resources has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. EOG Resources has a slightly positive Appreciation Score of 69 and a very high Power Rating of 88, with the Highest Value Trend Rating the result.

Recent Price Action

EOG Resources Inc. (NYSE: EOG) stock closed at $123.00 on 12/4/23 after a slight decline of -0.5%. NORMAL trading volume accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but is unchanged during the last week.

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