EOG Resources (EOG) is a Top-Ranked Value Stock: Should You Buy?
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why Investors Should Pay Attention to This Value Stock
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.
EOG Resources (EOG)
Headquartered in Houston, TX, EOG Resources Inc. primarily focuses on the exploration and production of oil and natural gas. While the company's operations extend to the United States and Trinidad, the majority of its activities are concentrated across the oil-rich resources within the United States.
EOG boasts a Value Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of EOG Resources are trading at a forward earnings multiple of 9.7X, as well as a PEG Ratio of 3, a Price/Cash Flow ratio of 6.7X, and a Price/Sales ratio of 2.7X.
Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.14 to $12.20 per share. EOG has an average earnings surprise of 6.2%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding EOG to their portfolios.
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EOG Resources, Inc. (EOG) : Free Stock Analysis Report