On Monday, EOG Resources (EOG) got an upgrade for its IBD SmartSelect Composite Rating from 91 to 96.
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market’s biggest winners often have a 95 or higher grade in the early stages of a new price run, so that’s a good starting point when looking for the best stocks to buy and watch.
EOG Resources is not currently near a proper entry. See if the stock goes on to form a new base and offer a new buying opportunity.
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The stock has a 92 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 92% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q2, the company reported 852% earnings-per-share growth. That marks four straight reports with rising EPS performance. Top line growth increased 275%, up from -22% in the prior quarter. That marks four quarters of increasing revenue gains.
EOG Resources holds the No. 7 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Denbury Resources (DEN), Diamondback Energy (FANG) and Matador Resources (MTDR) are among the top 5 highly-rated stocks within the group.
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