EOG Resources (EOG) has risen sharply, recording gains of 10.38% in the past 4 weeks. However, the stock has corrected -1.72% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 10.61% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.08% and the fifty day Moving Average is 6.51%. EOG Resources, Inc. is up 10.77% in the last three month period. Year-to-Date the stock performance stands at 28.26%.
EOG Resources (EOG) has been rated by 19 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $118 and the lowest price target forecast is $83. The average forecast of all the analysts is $96.26 and the expected standard deviation is $9.1.
EOG Resources (NYSE:EOG): On Fridays trading session , Opening price of the stock was $90.73 with an intraday high of $91.509. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $89.92. However, the stock managed to close at $90.18, a loss of 0.08% for the day. On the previous day, the stock had closed at $90.25. The total traded volume of the day was 1,641,064 shares.
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.