EOG Resources, Inc. (NYSE:EOG) shares were trading higher by 0.43 percent ($0.45) at $104.78 a piece in Thursday’s session. It had closed the previous session at $104.33. EOG trades with a P/S ratio of 6.24. , EOG Resources has an estimated price-earnings (P/E) multiple of 63.85.
- Shares of EOG have up-trended 18.36% in the past three months, while the S&P 500 has moved 10.12% in that time.
- EOG Resources, Inc. (EOG) Market cap of $59.61 billion, EOG Resources, Inc. (NYSE:EOG)
The company has remained profitable this year and reported $75Mn of free cash flow in the third quarter.
EOG Resources earnings growth was driven by an increase in production and improvement in commodity prices. The company’s oil and gas production rose 7.7% in the third quarter to 598,100 boepd, which was almost 70% liquid (crude oil) and 30% natural gas.