EOG Resources (NYSE:EOG) has risen sharply, recording gains of 1.2% in the past 4 weeks. However, the stock has corrected -2.64% in the past 1 week, providing a good buying opportunity on dips. EOG Resources (NYSE:EOG) : During the past 4 weeks, traders have been relatively bearish on EOG Resources (NYSE:EOG), hence the stock is down -0.41% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.87% relative to the S&P 500.
The company shares have dropped -1.98% 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 $82.32 and the 200 Day Moving Average price is recorded at $74.87.
The stock has recorded a 20-day Moving Average of 0.02% and the 50-Day Moving Average is 0.94%.
EOG Resources (NYSE:EOG): stock turned positive on Friday. Though the stock opened at $82.84, the bulls momentum made the stock top out at $83.07 level for the day. The stock recorded a low of $81.5738 and closed the trading day at $82.54, in the green by 1.14%. The total traded volume for the day was 1,980,107. The stock had closed at $81.61 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Janssen Ann D., officer (VP, Accounting) of Eog Resources Inc, had unloaded 831 shares at an average price of $84.95 in a transaction dated on June 9, 2016. The total value of the transaction was worth $70,593.
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.