EOG Resources (EOG) is a Top-Ranked Value Stock: Should You Buy?

Company Overview - EOG Resources Inc. is primarily focused on the exploration and production of oil and natural gas, with operations mainly in the United States and Trinidad, particularly in oil-rich regions within the U.S. [11] Zacks Rank and Style Scores - EOG Resources holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating a solid overall performance [11]. - The company has a Value Style Score of B, supported by attractive valuation metrics such as a forward P/E ratio of 9.69, which is appealing to value investors [12]. - Six analysts have revised their earnings estimates upwards in the last 60 days for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.14 to $12.20 per share [12]. - EOG has an average earnings surprise of 6.2%, suggesting a positive trend in earnings performance [12]. Investment Considerations - With a strong Zacks Rank and top-tier Value and VGM Style Scores, EOG Resources is recommended for investors looking for potential opportunities in the oil and gas sector [12].