EOG Resources stock: buy or sell

EOG stock price: $59.19 -4.90% At close on Jan 15th, 2021

Updated on:
Jan 18th, 2021

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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

EOG Resources analysts' ratings - Last 30 days
Brokerage firmRating
Dec 29th, 2020
Truist Strong buy
Jan 7th, 2021
TD Securities Strong buy
Jan 14th, 2021
Barclays

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

SMAs overview

EOG stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $59.68 (0.83% above)
  • R2: $60.89 (2.87% above)
  • R3: $60.94 (2.96% above)
  • The current support levels are:

  • S1: $58.46 (-1.23% below)
  • S2: $57.62 (-2.65% below)
  • S3: $57.16 (-3.43% below)
  • Bollinger bands

    Since the price surpassed the upper band last Thursday, the price has been corrected downwards by 6.00%

    EOG stock Bollinger Bands chart

    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 stock RSI chart

    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

    EOG stock price history chart

    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).

    EOG Resources stock price predictions
    Brokerage firmPrice target
    Dec 29th, 2020
    Truist $50.00$63.00
    Jan 7th, 2021
    TD Securities $64.00$65.00
    Jan 14th, 2021
    Barclays Not available

    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 performance compared
    Company1m3m6m
    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
    Open$60.94
    Close$59.19
    Day range$58.55 - $61.04
    Previous close$62.24
    Session gain-4.90%
    Average true range$3.39
    50d mov avg$49.43
    100d mov avg$43.63
    200d mov avg$45.45
    Earnings dateFebruary 25th, 2021

    Frequently asked questions

    What is EOG Resources stock symbol?

    EOG Resources, Inc. is a public company trading in the US stock market with the EOG symbol

    Is EOG Resources stock a buy or sell?

    EOG Resources received 3 ratings in the last 30 days: 2 bullish, 0 bearish and 0 neutral.

    Will EOG go up?

    EOG Resources had different price predictions posted by market analysts in the last 4 weeks forecasting the target price to $64.00. That is a 8.13% than the current price ($59.19).