EOG Resources's most recent trend suggests a bullish bias. One trading opportunity on EOG Resources is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 12.36% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $87.50 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for EOG Resources is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for EOG Resources is bullish.
The RSI indicator is at 75.26 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for EOG Resources
Eagle Ford's 2018 boom may not extend to 2019
Wed, 16 Jan 2019 20:50:14 +0000
There were 175 more new wells drilled in the Eagle Ford in 2018 than 2017, but 2019 could see a slow down as lowering oil prices halt new permit applications.
EOG Resources Schedules Conference Call and Webcast of Fourth Quarter and Full Year 2018 Results for February 27, 2019
Tue, 15 Jan 2019 21:14:00 +0000
HOUSTON , Jan. 15, 2019 /PRNewswire/ — EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss fourth quarter and full year 2018 results on Wednesday, February 27, 2019 , at 9 a.m. …
See what the IHS Markit Score report has to say about EOG Resources Inc.
Tue, 15 Jan 2019 13:03:17 +0000
# EOG Resources Inc
View full report here!
* Perception of the company's creditworthiness is negative
* Bearish sentiment is low
* Economic output in this company's sector is contracting
## Bearish sentiment
Short interest | Positive
Short interest is low for EOG with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
## Money flow
ETF/Index ownership | Neutral
ETF activity is neutral. The net inflows of $12.77 billion over the last one-month into ETFs that hold EOG are among the highest of the last year, but the rate of growth is slowing.
## Economic sentiment
PMI by IHS Markit
There is no PMI sector data available for this security.
## Credit worthiness
Credit default swap | Negative
The current level displays a negative indicator. EOG credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.
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Crude Oil Prices Fall On Chinese Economic Data; U.S. Shale Calls OPEC For Help
Mon, 14 Jan 2019 21:10:57 +0000
rude oil prices fell Monday on weak Chinese economic data, despite OPEC reassurances that global demand is strong and its production cuts are working.
South Texas Drilling Permit Roundup: Chesapeake focused on Eagle Ford in 2019
Mon, 14 Jan 2019 20:25:21 +0000
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for the 33-county area that encompasses the Eagle Ford Shale and surrounds Bexar County.
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