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Here's Why EOG Resources (EOG) is a Strong Growth Stock

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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

EOG Resources (EOG)

Headquartered in Houston, TX, EOG Resources Inc. is primarily involved in exploring and producing oil and natural gas. The leading upstream energy player’s operations are spread across the United States, China and Trinidad. For evaluating wells in the prolific oil and gas plays, EOG Resources calculates the rate of return. In other words, the company evaluates profitability of the wells to produce optimum oil and gas volumes while minimizing operating costs.

EOG is a Zacks Rank #1 (Strong Buy) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 91.1% year-over-year for the current fiscal year, with sales growth of 42%.

10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $4.42 to $16.45 per share for 2022. EOG boasts an average earnings surprise of 6.1%.

Looking at cash flow, EOG Resources is expected to report cash flow growth of 104.2% this year; EOG has generated cash flow growth of 26.7% over the past three to five years.

EOG should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.


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