EOG Resources (EOG) is Upgraded by Citigroup to Buy

EOG Resources (EOG) is Upgraded by Citigroup to Buy , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

EOG Resources, Inc. has dropped 3.61% during the last 3-month period . Year-to-Date the stock performance stands at -22.52%.The company shares have dropped -23.45% from its 1 Year high price. On May 4, 2015, the shares registered one year high at $101.36 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $78.45 and the 200 Day Moving Average price is recorded at $80.26.

EOG Resources, Inc. (NYSE:EOG) has lost 3.58% during the past week and dropped 12.05% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 2.78%. EOG Resources, Inc. (NYSE:EOG) has underperformed the index by 10% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

EOG Resources, Inc. (NYSE:EOG) : On Thursday heightened volatility was witnessed in EOG Resources, Inc. (NYSE:EOG) which led to swings in the share price. The shares opened for trading at $70.11 and hit $71.59 on the upside , eventually ending the session at $70.79, with a gain of 0.25% or 0.18 points. The heightened volatility saw the trading volume jump to 3,117,340 shares. The 52-week high of the share price is $101.36 and the company has a market cap of $38,914 million. The 52-week low of the share price is at $68.15 .

Currently the company Insiders own 0.5% of EOG Resources, Inc. shares according to the proxy statements. Institutional Investors own 87.41% of EOG Resources, Inc. shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Donaldson Michael P, officer (VP, General Counsel & Corp Sec) of Eog Resources Inc, unloaded 1,296 shares at an average price of $85.92 on November 10, 2015. The total amount of the transaction was worth $111,352, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

EOG Resources, Inc.(EOG) explores , develops, produces and markets crude oil and natural gas primarily in producing basins in the United States of America , Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom , The Peoples Republic of China (China), the Argentine Republic (Argentina) and, from time to time, select other international areas. As of December 31, 2012, EOGs total estimated net proved reserves were 1,811 million barrels of oil equivalent, of which 701 million barrels were crude oil and condensate reserves, 320 million barrels were natural gas liquids (NGLs) reserves and 4,740 billion cubic feet, or 790 million barrels of oil equivalent, were natural gas. EOGs operations are all crude oil and natural gas exploration and production related.