EOG Resources stock: buy or sell

EOG stock price: $68.96 0.57% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

1

EOG Resources stock brief

  • EOG Resources closed on Wednesday at $68.96 after merely changing a 0.57%.
  • Scotiabank published a hold rating for EOG Resources on Wednesday, with a target of $86.00
  • 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?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 $EOG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell EOG Resources stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies give us the ability us to avoid impulsive decisions based on our moods or the noise that surrounds the market. We like very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups should not be used for shorting EOG Resources stock

A guiding principle is that you should never hold an open trade that shows a higher than expected losses at the time of the buy. The timing to sell shares must always be dictated 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 own EOG Resources stock and your operation is in profit probably is not time to sell now

EOG Resources ratings

In the last month, 7 brokerage ratings were published for EOG Resources

EOG Resources analysts' ratings - Last 30 days
Brokerage firmRating
Mar 23rd, 2021
Citigroup Neutral
Mar 24th, 2021
Barclays
Mar 30th, 2021
Barclays
Apr 15th, 2021
Scotiabank
Apr 20th, 2021
Mizuho Strong buy
The Goldman Sachs Group Strong buyNeutral
Apr 21st, 2021
Scotiabank

EOG Resources stock analysis

SMAs overview

EOG stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $69.19 (0.33% above)
  • R2: $71.38 (3.51% above)
  • R3: $71.78 (4.09% above)
  • The current support levels are:

  • S1: $68.58 (-0.55% below)
  • S2: $68.57 (-0.57% below)
  • S3: $67.65 (-1.90% below)
  • Bollinger bands

    Since the price broke down the lower band on Tuesday, the price bounced off by 2.47%. The price is moving near to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy signal, as price can move in these levels for many days and weeks

    EOG stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Wednesday was 45.93. Since that level was lost, EOG Resources stock sank a 4.18%

    EOG stock RSI chart

    EOG Resources stock price history

    EOG Resources went public priced at an adjusted price1 of $1.97 on Oct 1989. Since then, EOG stock surged by 3,400.51%, with an average of 109.69% per year. An investment of thousand dollars on the IPO would worth $35,005.08 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    EOG stock price history chart

    Price target for EOG Resources stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.

    Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new fundamental information by the company, and many times. Again, these estimates are not direct recommendations for individual investors and must not be followed blindly.

    There are 7 price forecasts posted for EOG Resources that average $82.86. That is a 20.16% than the last price ($68.96).

    EOG Resources stock price predictions
    Brokerage firmPrice target
    Mar 23rd, 2021
    Citigroup $72.00$88.00
    Mar 24th, 2021
    Barclays $60.00$74.00
    Mar 30th, 2021
    Barclays $60.00$74.00
    Apr 15th, 2021
    Scotiabank $72.00$86.00
    Apr 20th, 2021
    Mizuho $90.00$92.00
    The Goldman Sachs Group $85.00$80.00
    Apr 21st, 2021
    Scotiabank $72.00$86.00

    Earnings and financials

    Last February, EOG Resources, Inc. ($EOG) reported adjusted EPS for that strongly uplifted Market expectations. Quarterly EPS was $0.71 per share vs the estimates of $0.35. This quarterly report means an earnings surprise of 102.86%. Forecasted turnover was $2.8 billion but EOG Resources slightly improved by 4.40%, posting $3.0 billion.

    This compares to Earnings of $1.35 per share same quarter last year, so current EPS means a drop of -47.41%. Sales dropped a -31.92% on an annualized basis in the , from $42.6B to $29.0B last quarter.

    EOG Resources ($EOG) is hosting the Q1 earnings call next Thursday. Estimated for this quarter is $1.40, compared to $0.71 that was reported for Q4.

    EOG Resources performance

    EOG performance compared
    Company1m3m6m
    EOG Resources ($EOG) 3.70% 15.40% 91.30%

    Please read:
    The thoughts contained in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not know the individual conditions of the reader, his or her finances 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 educative motives only

    EOG Resources summary

    Wednesday, April 21st, 2021
    Open$67.54
    Close$68.96
    Day range$67.29 - $69.68
    Previous close$68.57
    Session gain0.57%
    Average true range$3.16
    50d mov avg$69.35
    100d mov avg$61.15
    200d mov avg$51.28
    Earnings dateMay 6th, 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 7 ratings in the last 30 days: 1 bullish, 0 bearish and 2 neutral.

    Will EOG go up?

    EOG Resources had different price forecasts issued by analysts in the last 4 weeks setting the target price to $82.86. That is a 20.16% than the last price ($68.96).