EOG Resources stock: buy or sell
Jan 18th, 2021
EOG Resources stock brief
- EOG Resources closed last Friday at $59.19 after dropping a -4.90%.
- The stock is configuring an uptrend pattern since last October, when it bottomed at $31.03. This rally marked a 90.75% gain
- Barclays published a neutral rating for EOG Resources last Thursday
- EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids.
Should I buy EOG Resources stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $EOG stock a buy?
Currently, EOG Resources stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $EOG in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell EOG Resources stock?
When you own stock shares with some profit, it's really hard to decide the good moment to sell and get your profits. Much like when we have to buy shares, determining when is appropiate to sell is not a capricious decision, and we must adhere our own trading style. We like very simple setups to guide us on when is the best moment to sell our shares. Be aware that these setups are not intended for shorting $EOG stock
A guiding principle is that you should not mantain an investment that generates greater losses than those expected upon the buy. When to sell your stock always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell EOG Resources stock?
Currently, EOG Resources stock doesn't match any of our preferred sell setups, so if you hold EOG Resources shares and your operation is in profit probably is not time to sell now
EOG Resources ratings
In the last 30 days, 3 ratings were published for EOG Resources. General sentiment is bullish, with 2 out of 3 publishing positive forecasts
|Dec 29th, 2020|
|Jan 7th, 2021|
|TD Securities|| |
|Jan 14th, 2021|
EOG Resources stock analysis
Since last October, EOG Resources has been drawing an uptrend that so far marked an amazing 90.75%. The price line shows rising tops and bottoms, and along the way provided very few entry points for those who wanted to trade in. Latest pullback was in late December, when price bounced at $47.90. Like in all uptrends, price needs to rest and currently price is consolidating the gains in a range between $62.97 and $47.90
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price surpassed the upper band last Thursday, the price has been corrected downwards by 6.00%
Relative strength index
After breaking above the line of 70 yesterday, sliced back below with a value of 62.56. This is a signal of weakness for the stock and it should tip us off of weakness in the price action
EOG Resources stock price history
EOG Resources started trading on Oct 4th, 1989 priced at $1.86 per share1. Since then, EOG stock surged by 3,082.26%, with an average of 99.43% per year. An investment of $1,000USD at that time would have a value of $31,822.58 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for EOG Resources stock
Nobody knows how much a share will be priced tomorrow. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.
The following table shows the price forecasts published by analysts in the last 30 days. Again, these estimates are not direct recommendations for individual investors and must not be trusted blindly.
The average price target for EOG Resources stock calculated from the table below is $64.00. That is a 8.13% than the current price ($59.19).
|Brokerage firm||Price target|
|Dec 29th, 2020|
|Truist||$50.00 → $63.00|
|Jan 7th, 2021|
|TD Securities||$64.00 → $65.00|
|Jan 14th, 2021|
Earnings and financials
Shareholders event was hosted by EOG Resources ($EOG) last November after releasing the earnings report. EOG Resources topped consensus earnings estimates and reported of $0.43, that is a 126.32% improvement versus the estimates of $0.19. Conversely, reported sales were $2.2 billion versus estimates of $2.6 billion.In comparing, the EPS for the same quarter last year was $1.13, so posted EPS is a drop of -61.95%. Turnover tanked a -44.99% on an annualized basis in the , from $42.2B to $23.2B last quarter.
EOG Resources ($EOG) will host the earnings call late next February. Wall Street predicts of $0.30, compared to previous quarter that was $0.43.
EOG Resources performance
|EOG Resources ($EOG)||11.80%||57.20%||28.20%|
Disclaimer:The comments published in this post are personal and not recommendations for you to buy or sell stocks. The author of this text does not know the individual positions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for informational reasons only
EOG Resources summary
|Friday, January 15th, 2021|
|Day range||$58.55 - $61.04|
|Average true range||$3.39|
|50d mov avg||$49.43|
|100d mov avg||$43.63|
|200d mov avg||$45.45|
|Earnings date||February 25th, 2021|