Eog Resources Stock Probability of Future Stock Price Finishing Under 120.08
| EOG Stock | USD 119.64 0.60 0.50% |
EOG |
EOG Resources Target Price Odds to finish below 120.08
The tendency of EOG Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 120.08 after 90 days |
| 119.64 | 90 days | 120.08 | about 5.98 |
Based on a normal probability distribution, the odds of EOG Resources to stay under $ 120.08 after 90 days from now is about 5.98 (This EOG Resources probability density function shows the probability of EOG Stock to fall within a particular range of prices over 90 days) . Probability of EOG Resources price to stay between its current price of $ 119.64 and $ 120.08 at the end of the 90-day period is near 1 .
Considering the 90-day investment horizon EOG Resources has a beta of 0.58 suggesting as returns on the market go up, EOG Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding EOG Resources will be expected to be much smaller as well. Additionally EOG Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. EOG Resources Price Density |
| Price |
Predictive Modules for EOG Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EOG Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.EOG Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EOG Resources is not an exception. The market had few large corrections towards the EOG Resources' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold EOG Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EOG Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.58 | |
σ | Overall volatility | 4.95 | |
Ir | Information ratio | -0.05 |
EOG Resources Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of EOG Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EOG Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EOG Resources generated a negative expected return over the last 90 days | |
| EOG Resources has a strong financial position based on the latest SEC filings | |
| Over 93.0% of the company shares are held by institutions such as insurance companies | |
| On 31st of October 2024 EOG Resources paid $ 0.91 per share dividend to its current shareholders | |
| Latest headline from thelincolnianonline.com: B. Riley Wealth Advisors Inc. Reduces Stock Position in EOG Resources, Inc. |
EOG Resources Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of EOG Stock often depends not only on the future outlook of the current and potential EOG Resources' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. EOG Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 584 M | |
| Cash And Short Term Investments | 5.3 B |
EOG Resources Technical Analysis
EOG Resources' future price can be derived by breaking down and analyzing its technical indicators over time. EOG Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EOG Resources. In general, you should focus on analyzing EOG Stock price patterns and their correlations with different microeconomic environments and drivers.
EOG Resources Predictive Forecast Models
EOG Resources' time-series forecasting models is one of many EOG Resources' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary EOG Resources' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about EOG Resources
Checking the ongoing alerts about EOG Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EOG Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EOG Resources generated a negative expected return over the last 90 days | |
| EOG Resources has a strong financial position based on the latest SEC filings | |
| Over 93.0% of the company shares are held by institutions such as insurance companies | |
| On 31st of October 2024 EOG Resources paid $ 0.91 per share dividend to its current shareholders | |
| Latest headline from thelincolnianonline.com: B. Riley Wealth Advisors Inc. Reduces Stock Position in EOG Resources, Inc. |
Check out EOG Resources Backtesting, EOG Resources Valuation, EOG Resources Correlation, EOG Resources Hype Analysis, EOG Resources Volatility, EOG Resources History as well as EOG Resources Performance. For more detail on how to invest in EOG Stock please use our How to Invest in EOG Resources guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EOG Resources. If investors know EOG will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EOG Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Dividend Share 3.64 | Earnings Share 12.39 | Revenue Per Share 41.72 | Quarterly Revenue Growth (0.04) |
The market value of EOG Resources is measured differently than its book value, which is the value of EOG that is recorded on the company's balance sheet. Investors also form their own opinion of EOG Resources' value that differs from its market value or its book value, called intrinsic value, which is EOG Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EOG Resources' market value can be influenced by many factors that don't directly affect EOG Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EOG Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if EOG Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EOG Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.