• Return to Headlines

Upgrade Alert for EOG Resources (EOG)

By David Diaz

EOG Resources (NYSE:EOG) was upgraded from Hold to Buy at Wunderlich today. The stock closed yesterday at $90.66 on volume of 4.5 million shares, above average daily volume of 3.8 million.

EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil. The Company operates in major producing basins in the United States, Canada, Trinidad, the United Kingdom North Sea, China and, from time to time, select other international areas.

In the past 52 weeks, EOG Resources share prices have been bracketed by a low of $57.15 and a high of $101.36 and closed yesterday at $90.66, 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

There is potential upside of 3.5% for shares of EOG Resources based on a current price of $90.66 and an average consensus analyst price target of $93.79. The stock should find initial support at its 200-day moving average (MA) of $75.79 and further support at its 50-day MA of $75.10.

SmarTrend is monitoring the recent change of momentum in EOG Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of EOG Resources in search of a potential trend change.

Keywords: analyst upgrades/downgrades EOG Resources

Ticker(s): EOG