EOG Resources (NYSE:EOG) has tumbled 0.82% during the past week and has dropped 0.04% in the last 4 week period. The company has outperformed the S&P 500 by 0.37% in the past week but underperformed the index by 0.95% in the last 4 weeks.
EOG Resources (NYSE:EOG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.95 and $80.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.89, notching a gain of 0.89% for the day. The total traded volume was 3,280,766 . The stock had closed at $80.18 on the previous day.
The company shares have dropped -8.36% from its 1 Year high price. On Nov 3, 2015, the shares registered one year high at $89.52 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $81.33 and the 200 Day Moving Average price is recorded at $74.37.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP, Accounting) of Eog Resources Inc, Janssen Ann D. had sold 831 shares worth of $70,593 in a transaction dated June 9, 2016. In this transaction, 831 shares were sold at $84.95 per share.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Barclays maintains its outlook on EOG Resources (NYSE:EOG). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $80 per share to $83 per share. The rating by the firm was issued on May 24, 2016. Currently the company Insiders own 0.52% of EOG Resources shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.44% . Institutional Investors own 92.21% of EOG Resources shares. During last six month period, the net percent change held by insiders has seen a change of -6.44%.
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.