EOG Resources Gets IBD Stock Rating Upgrade

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.


Which Companies Are Now Outperforming 95% Of All Stocks?

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See also  https://research.investors.com/stock-quotes/nyse-mesabi-trust-msb.htm

Evaluate Any Stock With Stock Ratings, IBD Charts And Stock Checkup

View more information: https://www.investors.com/ibd-data-stories/eog-resources-gets-ibd-stock-rating-upgrade/

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