Large Inflow of Money Witnessed in EOG Resources

EOG Resources (EOG) : The money flow analysis of EOG Resources (EOG) indicates a $28.02 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $31.21 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.11 and so was the total money flow at $3.18 million. The bulls lapped up $2.34 million worth of block trades on upticks. The money flow was $2.34 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of EOG Resources (EOG), pushing it down by -1.57% for the day. The stock slid $1.3 and traded at $81.46 during the day. Nonetheless, the stock is -3.92% over the previous weeks close.


EOG Resources (EOG) : 18 Wall Street analysts covering EOG Resources (EOG) believe that the average level the stock could reach for the short term is $85.22. The maximum price target given is $96 and the minimum target for short term is around $71, hence the standard deviation is calculated at $7.7. The stock has recorded a 20-day Moving Average of 1.33% and the 50-Day Moving Average is 0.23%.

EOG Resources (NYSE:EOG): The stock opened at $83.83 on Thursday but the bulls could not build on the opening and the stock topped out at $83.86 for the day. The stock traded down to $81.12 during the day, due to lack of any buying support eventually closed down at $81.61 with a loss of -1.39% for the day. The stock had closed at $82.76 on the previous day. The total traded volume was 2,145,773 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.

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