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- 1 EOG stock price shed around 5.44% over the week, and over 6% in a month.
- 2 In Q1 2023, EOG Resource reported 24.18% extra revenue than estimated figures.
EOG Resource Inc. (NYSE: EOG) stock price lost $1.43 on the June 23 trading session. It opened at $107.00 after hitting $106.34, it hit a high of $107.90 and closed trading at $106.82 with an average trading volume of 8.357 Million.
Since last week, EGO Stock price fell by 5.44% and a steep decline of 6.38% is seen in one month. In the 52 weeks trading range, EGO highest traded at $150.88 and lowest traded at $92.16.
EGO stock’s ongoing movement might create an investment opportunity in the long term. Although analysts believe that the current time is not worth purchasing more stock, the bears are active.
The annual price target of EOG Stock is $144.07, which is roughly 30-40% above the current trading price. YTD EGO Stock price lost 16.55% in Q1 2023 company generated $5.60 Billion, including a net income of $2.02 Billion and a profit margin of 36.13%.
The revenue to a profit conversion of EOG Resources constitutes 55% of gross profit, 60% of EBITDA, 47% of EBIT, and 26% of net income. The overall market capitalization of the company is $62.475 Billion.
EOG Resource (NYSE: EGO) Earning and Revenue
In Q1 2023, EOG Resource impressed investors and shareholders by reporting +24.18% extra revenue than estimated figures. It is important to note that since the last three quarters of 2022, the company is constantly’s reported earnings are exceeding its estimated earnings.
As per the estimation, the company was supposed to report $4.87 Billion in revenue, but the reported revenue was more than $2 billion bigger than this. It is claimed that in Q2 2023, the company will report $4.99 Billion or more in revenue.
EOG Shares are majorly held by 1,483 institutional holders, including Vanguard Group Inc, Blackrock Inc, Capital World Investors, State Street Corp, Capital International Investors, Morgan Stanley, Bank of America, Royal Bank of Canada, North Trust Corp, Mawer Investment Management and Geode Capital Management, LLC.
According to TradingView, 582.614 Million EOG Shares are free-floating, and 2.245 Million shares are closely held either by financial backers of the company or by the boards of directors.
Most EOG Resource Inc is generated from Crude Oil & Condensate, Gathering, Processing & Marketing, Natural Gas, Natural Gas Liquids, etc. The United States and Trinidad are the primary regions where the company operates.
The company’s total assets amount to around $30.0 billion, and liabilities stand at $11.08 Billion. Since the start of the Russia-Ukraine war, global oil companies have reported sharp hikes in their profit as, for a certain period, oil export from Russia was halted amid US sanctions.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
