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Here's Why EOG Resources (EOG) is a Strong Value Stock

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.

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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 B, and holds a Zacks Rank #3 (Hold) rating. Shares of EOG Resources are trading at a forward earnings multiple of 9.9X, as well as a PEG Ratio of 1.7, a Price/Cash Flow ratio of 6.7X, and a Price/Sales ratio of 2.8X.

Many value investors pay close attention to a company's earnings as well. For EOG, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $12.07 per share for 2024. Per share EOG boasts an average earnings surprise of 7%.

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

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Zacks Investment Research