EOG Resources (EOG) : Traders are bullish on EOG Resources (EOG) as it has outperformed the S&P 500 by a wide margin of 12.88% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.65%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.61% in the last 1 week, and is up 13.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
EOG Resources, Inc. is up 13.62% in the last 3-month period. Year-to-Date the stock performance stands at 30.51%. The stock has recorded a 20-day Moving Average of 7.22% and the 50-Day Moving Average is 9.49%.
EOG Resources (NYSE:EOG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $91.17 and $90.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $91.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $91.76, notching a gain of 0.03% for the day. The total traded volume was 2,338,553 . The stock had closed at $91.73 on the previous day.
Also, In a research note released to the investors, Wunderlich upgrades its rating on EOG Resources (NYSE:EOG).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on August 8, 2016.
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.