EOG Resources (EOG): Price Target and June Short Interest Disclosure

EOG Resources (EOG) : The highest short term price target forecast on EOG Resources (EOG) is $96 and the lowest target price is $74. A total of 18 equity analysts are currently covering the company. The average price of all the analysts is $85.67 with a standard deviation of $7.03.

EOG Resources (EOG), A drop of 259,024 shares or 2.1% was seen in the short interest of EOG Resources. Even as the interest dropped from 12,323,611 shares on June 15,2016 to 12,064,587 shares on June 30,2016, the days to cover came in at 4. The updated interest stood at 2.2% of the stocks floats. The stock has seen an average daily volume of 3,323,502 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, CLSA initiates coverage on EOG Resources (NYSE:EOG) The shares have been rated Underperform. The rating by the firm was issued on June 22, 2016.


EOG Resources (NYSE:EOG): stock turned positive on Thursday. Though the stock opened at $84.84, the bulls momentum made the stock top out at $84.93 level for the day. The stock recorded a low of $83.88 and closed the trading day at $84.63, in the green by 0.94%. The total traded volume for the day was 2,018,117. The stock had closed at $83.84 in the previous days trading.

EOG Resources, Inc. (EOG), is engaged in the exploration, development, production and marketing of crude oil and natural gas. The Company operates in producing basins in the United States, Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The Peoples Republic of China (China) and the Argentine Republic (Argentina), among others. As of December 31, 2014, EOGs total estimated net proved reserves were 2,497 million barrels of oil equivalent (MMBoe), of which 1,140 million barrels (MMBbl) are crude oil and condensate reserves, 467 MMBbl are natural gas liquids (NGLs) reserves and 5,343 billion cubic feet, or 890 MMBoe, are natural gas reserves. As of December 31, 2014, approximately 97% of the Companys net proved reserves, on a crude oil equivalent basis, are located in the United States and 3% in Trinidad. Its operations are focused in the basins in the United States, with a focus on crude oil.

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