EOG Resources, Inc.s in-depth stock price analysis indicates that the stock price has rallied 8.9% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 12.49% . Looking at the past 52 week period, the stock price is up at 49.84% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of EOG Resources, Inc. has a positive value of 39.3 compared to overall market. Stocks of EOG Resources, Inc. (NYSE:EOG) rallied by 0.5% during the past week but lost 3.75% on a 4-week basis. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.32%. EOG Resources, Inc. (NYSE:EOG) has underperformed the index by 5.47% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
EOG Resources, Inc. (NYSE:EOG) : On Friday heightened volatility was witnessed in EOG Resources, Inc. (NYSE:EOG) which led to swings in the share price. The stock opened for trading at $101.23 and hit $102.0299 on the upside , eventually ending the session at $101.44, with a gain of 1.63% or 1.63 points. The heightened volatility saw the trading volume jump to 3,088,973 shares. The 52-week high of the share price is $109.37 and the company has a market cap of $58,476 million. The 52-week low of the share price is at $62.53 .
EOG Resources Inc Last issued its quarterly earnings results on Nov 3, 2016. The company reported $-0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.09. Analyst had a consensus of $-0.31. The company had revenue of $2118.50 million for the quarter, compared to analysts expectations of $1866.82 million. The companys revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.EOG Resources Inc was Upgraded by BofA/Merrill to Buy on Jan 4, 2017. Company shares were Reiterated by FBR & Co. on Dec 13, 2016 to Outperform, Raises Price Target to $ 128 from a previous price target of $108 .Company shares were Upgraded by Stifel on Dec 1, 2016 to Buy, Raises Price Target to $ 120 from a previous price target of $95 .EOG Resources Inc was Upgraded by CapitalOne to Overweight on Nov 16, 2016. EOG Resources Inc was Upgraded by CLSA to Outperform on Nov 15, 2016.
Company has reported several Insider transactions to the SEC, on Jan 30, 2017, Frank G Wisner (director) sold 1,000 shares at 102.94 per share price.On Dec 19, 2016, Donald F Textor (director) sold 6,402 shares at 103.29 per share price.On Dec 2, 2016, Michael P Donaldson (EVP, Gen. Counsel & Corp Sec) sold 2,931 shares at 106.54 per share price.
EOG Resources, Inc. is engaged, either directly or through a marketing subsidiary with regard to domestic operations or through various subsidiaries with regard to international operations, in the exploration for, and the development, production and marketing of, natural gas and crude oil primarily in major producing basins in the United States, as well as in Canada and Trinidad. The companys business strategy is to maximize the rate of return on investment of capital by controlling all operating and capital costs.