Stock Rating Upgrade
The Value Trend Rating for EOG Resources Inc. (NYSE: EOG) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
EOG Resources Inc. (NYSE: EOG) stock increased 1.4% on 3/1/24. The shares closed at $116.10. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
EOG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
EOG Resources has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. EOG Resources has a slightly positive Appreciation Score of 66 but a slightly negative Power Rating of 35, with the Neutral Value Trend Rating the result.
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