EOG Resources (EOG) Q1 Earnings Beat on Solid Oil Production
EOGEOG Resources(EOG) Zacks Investment Research·2024-05-07 22:11

EOG Resources Inc (EOG) reported robust first-quarter 2024 results, with both earnings and revenues beating the Zacks Consensus Estimate. Although the quarterly results were strong, the stock price has dipped 1% since its earnings release on May 2, a movement unrelated to the company's fundamentals. It is cheap now, and the current affordability of the stock is evident from its trailing 12-month enterprise value-to-EBITDA (EV/EBITDA) ratio, which stands at 5.32, notably lower than the Zacks US Oil & Gas Exp ...