Eog Resources Stock Probability of Future Stock Price Finishing Under 71.75

EOG Stock  USD 127.84  1.45  1.15%   
EOG Resources' implied volatility is one of the determining factors in the pricing options written on EOG Resources. Implied volatility approximates the future value of EOG Resources based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in EOG Resources over a specific time period. For example, 2024-04-05 CALL at $128.0 is a CALL option contract on EOG Resources' common stock with a strick price of 128.0 expiring on 2024-04-05. The contract was last traded on 2024-03-28 at 15:46:49 for $1.5 and, as of today, has 7 days remaining before the expiration. The option is currently trading at a bid price of $1.25, and an ask price of $1.4. The implied volatility as of the 29th of March is 19.45. View All EOG options

Closest to current price EOG long CALL Option Payoff at Expiration

EOG Resources' future price is the expected price of EOG Resources instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of EOG Resources performance during a given time horizon utilizing its historical volatility. 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.
  
At this time, EOG Resources' Price Book Value Ratio is most likely to increase slightly in the upcoming years. The EOG Resources' current Price To Operating Cash Flows Ratio is estimated to increase to 6.46, while Price Earnings To Growth Ratio is forecasted to increase to (4.19). Please specify EOG Resources' target price for which you would like EOG Resources odds to be computed.

EOG Resources Target Price Odds to finish below 71.75

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 PriceHorizonTarget PriceOdds to drop to $ 71.75  or more in 90 days
 127.84 90 days 71.75 
near 1
Based on a normal probability distribution, the odds of EOG Resources to drop to $ 71.75  or more in 90 days from now is near 1 (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 $ 71.75  and its current price of $127.84 at the end of the 90-day period is about 98.0 .
Considering the 90-day investment horizon EOG Resources has a beta of 0.82 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 NYSE Composite.
   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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EOG Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
126.40127.84129.28
Details
Intrinsic
Valuation
LowRealHigh
115.06130.76132.20
Details
Naive
Forecast
LowNextHigh
124.33125.78127.22
Details
32 Analysts
Consensus
LowTargetHigh
134.44147.74163.99
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as EOG Resources. Your research has to be compared to or analyzed against EOG Resources' peers to derive any actionable benefits. When done correctly, EOG Resources' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in EOG Resources.

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 NYSE Composite
-0.02
β
Beta against NYSE Composite0.82
σ
Overall volatility
5.22
Ir
Information ratio -0.03

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 has a strong financial position based on the latest SEC filings
Over 91.0% of the company shares are held by institutions such as insurance companies
On 31st of January 2024 EOG Resources paid $ 0.91 per share dividend to its current shareholders
Latest headline from benzinga.com: A Look Into EOG Resources Incs Price Over Earnings

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 Outstanding584 M
Cash And Short Term Investments5.3 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 has a strong financial position based on the latest SEC filings
Over 91.0% of the company shares are held by institutions such as insurance companies
On 31st of January 2024 EOG Resources paid $ 0.91 per share dividend to its current shareholders
Latest headline from benzinga.com: A Look Into EOG Resources Incs Price Over Earnings
When determining whether EOG Resources is a strong investment it is important to analyze EOG Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EOG Resources' future performance. For an informed investment choice regarding EOG Stock, refer to the following important reports:
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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for EOG Stock analysis

When running EOG Resources' price analysis, check to measure EOG Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EOG Resources is operating at the current time. Most of EOG Resources' value examination focuses on studying past and present price action to predict the probability of EOG Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EOG Resources' price. Additionally, you may evaluate how the addition of EOG Resources to your portfolios can decrease your overall portfolio volatility.
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Is EOG Resources' industry 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
(0.12)
Dividend Share
3.385
Earnings Share
13.01
Revenue Per Share
40.057
Quarterly Revenue Growth
(0.07)
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.