EOG Resources (EOG) Shares are Up 0.89%

EOG Resources (EOG) has been under a strong bear grip, hence the stock is down -6.77% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.96% in the past 1 week. The stock has risen by 0.89% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.63% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.72% and the 50-Day Moving Average is 0.43%. EOG Resources, Inc. has dropped 0.92% during the last 3-month period . Year-to-Date the stock performance stands at 16.2%.


EOG Resources (NYSE:EOG): stock turned positive on Friday. Though the stock opened at $79, the bulls momentum made the stock top out at $81.89 level for the day. The stock recorded a low of $78.86 and closed the trading day at $81.7, in the green by 2.25%. The total traded volume for the day was 2,886,943. The stock had closed at $79.9 in the previous days trading.

Also, Tudor Pickering downgrades their rating on the shares of EOG Resources (NYSE:EOG). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on July 15, 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.

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