EOG Resources (EOG) is in the oil and gas exploration business. What sets EOG apart from many of its competitors is that it seeks to develop sites where the company is able to turn a 60% return, after tax, on the product it sells. What this means is that even when oil trades below $50 a barrel the company is still able to turn a profit. This allows the company to hold up better when oil prices move lower, and allows it to really turn a tidy profit as prices start to rise. With oil prices firming this year, analysts expect to see full year earnings growth of 137.9% for the current year, and an additional 142.6% next year. Shares are currently trading at $96.95, and analysts have an average price target of $106.45 on the stock.
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