The market has been high on EOG Resources Inc (EOG) stock recently. EOG gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
EOG Resources Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EOG!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With EOG Stock Today?
EOG Resources Inc (EOG) stock is higher by 1.73% while the S&P 500 is lower by -0.35% as of 1:34 PM on Wednesday, Oct 5. EOG has risen $2.17 from the previous closing price of $125.17 on volume of 1,950,528 shares. Over the past year the S&P 500 has fallen -12.16% while EOG has risen 47.38%. EOG earned $9.75 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 13.04.
To see InvestorsObserver's Sentiment Score for EOG Resources Inc click here.
More About EOG Resources Inc
EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2021, it reported net proved reserves of 3.7 billion barrels of oil equivalent. Net production averaged 829 thousand barrels of oil equivalent per day in 2021 at a ratio of 72% oil and natural gas liquids and 28% natural gas.
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