Overall market sentiment has been neutral on EOG Resources Inc (EOG) stock lately. EOG receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.
EOG Resources Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on EOG!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With EOG Stock Today?
EOG Resources Inc (EOG) stock is trading at $126.87 as of 3:48 PM on Friday, Sep 29, a decline of -$2.60, or -2.01% from the previous closing price of $129.47. The stock has traded between $126.54 and $129.70 so far today. Volume today is below average. So far 1,417,937 shares have traded compared to average volume of 2,587,354 shares.
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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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