EOG Resources (NYSE:EOG) has seen a rise of 234,197 shares or 1.9% in the short interest. The remaining shorts are 2.2% of the total floated shares. The net short interest, as on June 15,2016, stood at 12,323,611 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 2,826,039 shares. On May 31,2016, 12,089,414 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
EOG Resources (NYSE:EOG): The stock opened at $81.58 on Friday but the bulls could not build on the opening and the stock topped out at $82.88 for the day. The stock traded down to $80.81 during the day, due to lack of any buying support eventually closed down at $81.06 with a loss of -4.07% for the day. The stock had closed at $84.50 on the previous day. The total traded volume was 4,942,171 shares.
The company shares have dropped -6.02% 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 $81.62 and the 200 Day Moving Average price is recorded at $74.41.
Stocks of EOG Resources (NYSE:EOG) rallied by 0.21% during the past week but lost 0.63% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 1.87% and the outperformance has advanced to 2.38% for the last 4 weeks period.
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.