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EOG’s Market Quandary: Decoding the Ups and Downs of 2023

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 5.93% this year. Over the last six months, there has been a weaker performance of 15.41%. The price of EOG leaped by -3.22% during the last 30 days period. For the last 5-days stocks have improved 1.05%.

EOG Resources, Inc.’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $139.67 on 04/12/24, and the lowest price during that time was $108.94, recorded on 02/05/24.

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52-week price history of EOG Stock

A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. EOG Resources, Inc.’s current trading price is -8.27% away from its 52-week high, while its distance from the 52-week low is 17.61%. The stock’s price range over this timeframe has been between $108.94 and $139.67. The shares of the Energy sector company recorded a trading volume of approximately 2.03 million for the day, which was comparatively lower than the average daily volume of 2.95 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

EOG Resources, Inc. (EOG) has experienced a quarterly decline of -0.75% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 72.85B and boasts a workforce of 3050 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 127.74, with a change in price of +3.28. Similarly, EOG Resources, Inc. recorded 2,989,095 in trading volume during the last 100 days, posting a change of +2.63%.

EOG’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for EOG stands at 0.14. Similarly, the long-term debt-to-equity ratio is also 0.11.

EOG Stock Stochastic Average

The raw stochastic average for EOG Resources, Inc. over the last 50 days is presently at 62.32%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 65.93%. Further, the company’s Stochastic %K and %D values for the last 20 days were 51.70% and 50.40%, respectively.

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