EOG Resources (EOG) Offering Possible 37.74% Return Over the Next 22 Calendar Days

EOG Resources's most recent trend suggests a bearish bias. One trading opportunity on EOG Resources is a Bear Call Spread using a strike $53.00 short call and a strike $58.00 long call offers a potential 37.74% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $53.00 by expiration. The full premium credit of $1.37 would be kept by the premium seller. The risk of $3.63 would be incurred if the stock rose above the $58.00 long call 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 down which suggests that the medium-term momentum for EOG Resources is bearish.

The RSI indicator is at 44.33 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for EOG Resources

EOG Resources Schedules Conference Call and Webcast of Second Quarter 2020 Results for August 7, 2020
Tue, 23 Jun 2020 20:13:00 +0000
EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss second quarter 2020 results on Friday, August 7, 2020, at 9 a.m. Central time (10 a.m. Eastern time). Please visit the Investors/Events & Presentations page on the EOG website to access a live webcast of the conference call. If you are unable to listen to the live webcast, a replay will be available for one year.

Top Energy Stocks for July 2020
Tue, 23 Jun 2020 16:03:06 +0000
The energy sector is comprised of companies focused on the exploration, production, and marketing of oil, gas, and renewable resources around the world. Popular energy sector stocks include upstream companies that are primarily engaged in the exploration of oil or gas reserves. Well-known companies in the sector are Occidental Petroleum Corp. (OXY) and Diamondback Energy Inc. (FANG).

Oil’s Rally Points to Better Times Ahead. Here Are 2 Stocks That Could Outperform.
Fri, 19 Jun 2020 15:42:00 +0000
Oil prices are rising for the fourth time in five trading days. West Texas Intermediate crude futures vaulted above $40, raising the possibility it will settle above that level for the first time since March.

Occidental Garners SunTrust Upgrade on Cash Flow Strength
Fri, 19 Jun 2020 14:35:00 +0000
SunTrust analyst Neal Dingmann says the possibility of 'massive' asset sales by Occidental is 'compelling.'

Benzinga's Top Upgrades, Downgrades For June 19, 2020
Fri, 19 Jun 2020 13:45:15 +0000
Upgrades * SunTrust Robinson Humphrey upgraded the stock for EOG Resources Inc (NYSE: EOG) from Hold to Buy. For the first quarter, EOG Resources had an EPS of $0.55, compared to year-ago quarter EPS of $1.19. The stock has a 52-week-high of $95.29 and a 52-week-low of $27.00. EOG Resources's stock last closed at $52.93 per share. * Macquarie upgraded the stock for Fox Corp (NASDAQ: FOXA) from Underperform to Neutral. In the third quarter, Fox showed an EPS of $0.93, compared to $0.76 from the year-ago quarter. The stock has a 52-week-high of $39.73 and a 52-week-low of $19.81. Fox's stock last closed at $29.00 per share. * SunTrust Robinson Humphrey upgraded the stock for Occidental Petroleum Corp (NYSE: OXY) from Hold to Buy. In the first quarter, Occidental Petroleum showed an EPS of ($0.52), compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $54.05 and a 52-week-low of $9.00. Occidental Petroleum's stock last closed at $19.69 per share. * For Rayonier Advanced Materials Inc (NYSE: RYAM), B of A Securities upgraded the stock from Underperform to Buy. For the first quarter, Rayonier Advanced had an EPS of ($0.39), compared to year-ago quarter EPS of ($0.52). The stock has a 52-week-high of $6.87 and a 52-week-low of $0.90. Rayonier Advanced's stock last closed at $2.45 per share. * For Murphy Oil Corp (NYSE: MUR), Mizuho upgraded the stock from Underperform to Neutral. Murphy Oil earned ($0.30) in the first quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $28.12 and a 52-week-low of $4.50. Murphy Oil's stock last closed at $14.91 per share. * Mizuho changed the rating for Devon Energy Corp (NYSE: DVN) from Neutral to Buy. For the first quarter, Devon Energy had an EPS of $0.13, compared to year-ago quarter EPS of $0.36. The stock has a 52-week-high of $29.36 and a 52-week-low of $4.70. Devon Energy's stock last closed at $12.96 per share. * Goldman Sachs upgraded the stock for Dynatrace Inc (NYSE: DT) from Neutral to Buy. Interestingly, in the fourth quarter, Dynatrace's EPS was $0.11. The stock has a 52-week-high of $41.67 and a 52-week-low of $17.05. Dynatrace's stock last closed at $40.41 per share. * For Heritage-Crystal Clean Inc (NASDAQ: HCCI), Needham upgraded the stock from Hold to Buy. For the first quarter, Heritage-Crystal Clean had an EPS of $0.23, compared to year-ago quarter EPS of $0.00. The stock has a 52-week-high of $32.58 and a 52-week-low of $11.29. Heritage-Crystal Clean's stock last closed at $16.53 per share. * BMO Capital upgraded the stock for Carlisle Companies Inc (NYSE: CSL) from Market Perform to Outperform. In the first quarter, Carlisle Companies showed an EPS of $1.29, compared to $1.41 from the year-ago quarter. The stock has a 52-week-high of $169.86 and a 52-week-low of $97.55. Carlisle Companies's stock last closed at $120.09 per share. * For IHS Markit Ltd (NYSE: INFO), Morgan Stanley upgraded the stock from Underweight to Equal-Weight. IHS Markit earned $0.66 in the first quarter. The stock has a 52-week-high of $81.65 and a 52-week-low of $44.81. IHS Markit's stock last closed at $71.72 per share. * Barclays upgraded the stock for Ulta Beauty Inc (NASDAQ: ULTA) from Equal-Weight to Overweight. In the first quarter, Ulta Beauty showed an EPS of ($1.05), compared to $3.08 from the year-ago quarter. The stock has a 52-week-high of $368.83 and a 52-week-low of $124.05. Ulta Beauty's stock last closed at $218.97 per share. Downgrades * For Briggs & Stratton Corp (NYSE: BGG), Northcoast Research downgraded the stock from Neutral to Sell. For the third quarter, Briggs & Stratton had an EPS of ($0.26), compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $10.51 and a 52-week-low of $1.50. Briggs & Stratton's stock last closed at $1.63 per share. * For Fulcrum Therapeutics Inc (NASDAQ: FULC), B of A Securities downgraded the stock from Buy to Neutral. In the first quarter, Fulcrum Therapeutics earned ($0.81). The stock has a 52-week-high of $22.96 and a 52-week-low of $4.37. Fulcrum Therapeutics's stock last closed at $20.51 per share. * Goldman Sachs changed the rating for Slack Technologies Inc (NYSE: WORK) from Neutral to Sell. In the first quarter, Slack Technologies showed an EPS of ($0.02), compared to ($0.23) from the year-ago quarter. The stock has a 52-week-high of $42.00 and a 52-week-low of $15.10. Slack Technologies's stock last closed at $34.19 per share. * Mizuho downgraded the stock for Concho Resources Inc (NYSE: CXO) from Buy to Neutral. In the first quarter, Concho Resources showed an EPS of $0.72, compared to $0.72 from the year-ago quarter. The stock has a 52-week-high of $107.69 and a 52-week-low of $33.13. Concho Resources's stock last closed at $56.96 per share. * For Huntsman Corp (NYSE: HUN), Seaport Global downgraded the stock from Buy to Neutral. For the first quarter, Huntsman had an EPS of $0.29, compared to year-ago quarter EPS of $0.46. The stock has a 52-week-high of $24.90 and a 52-week-low of $12.23. Huntsman's stock last closed at $18.30 per share. Initiations * Canaccord Genuity initiated coverage on 1Life Healthcare Inc (NASDAQ: ONEM) with a Buy rating. The price target for 1Life Healthcare is set at $39.00. 1Life Healthcare earned ($0.40) in the first quarter. The stock has a 52-week-high of $42.00 and a 52-week-low of $15.00. 1Life Healthcare's stock last closed at $32.46 per share. * With a rating of Buy, Jefferies initiated coverage on Pluristem Therapeutics Inc (NASDAQ: PSTI). The price target is set at $12.00 for Pluristem Therapeutics. For the third quarter, Pluristem Therapeutics had an EPS of ($0.42), compared to year-ago quarter EPS of ($0.09). The stock has a 52-week-high of $13.29 and a 52-week-low of $0.40. Pluristem Therapeutics's stock last closed at $7.37 per share. * With a rating of Buy, Citigroup initiated coverage on Nomad Foods Ltd (NYSE: NOMD). The price target is set at $26.00 for Nomad Foods. Nomad Foods earned $0.36 in the first quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $23.06 and a 52-week-low of $14.08. Nomad Foods's stock last closed at $21.62 per share. * Atlantic Equities initiated coverage on Martin Marietta Materials Inc (NYSE: MLM) with an Overweight rating. The price target for Martin Marietta Materials is set at $250.00. Martin Marietta Materials earned $0.41 in the first quarter, compared to $0.68 in the year-ago quarter. The stock has a 52-week-high of $281.82 and a 52-week-low of $135.08. Martin Marietta Materials's stock last closed at $211.92 per share. * With a rating of Buy, Stifel initiated coverage on National Fuel Gas Co (NYSE: NFG). The price target is set at $47.00 for National Fuel Gas. National Fuel Gas earned $0.97 in the second quarter, compared to $1.07 in the year-ago quarter. The stock has a 52-week-high of $54.92 and a 52-week-low of $31.58. National Fuel Gas's stock last closed at $41.58 per share. * With a rating of Outperform, Oppenheimer initiated coverage on Raven Industries Inc (NASDAQ: RAVN). The price target is set at $27.00 for Raven Industries. In the first quarter, Raven Industries showed an EPS of $0.19, compared to $0.33 from the year-ago quarter. The stock has a 52-week-high of $38.00 and a 52-week-low of $16.01. Raven Industries's stock last closed at $20.89 per share. * With a rating of Overweight, Atlantic Equities initiated coverage on Vulcan Materials Co (NYSE: VMC). The price target is set at $145.00 for Vulcan Materials. Vulcan Materials earned $0.47 in the first quarter, compared to $0.46 in the year-ago quarter. The stock has a 52-week-high of $152.49 and a 52-week-low of $65.56. Vulcan Materials's stock last closed at $120.98 per share. * Jefferies initiated coverage on ZIOPHARM Oncology Inc (NASDAQ: ZIOP) with a Buy rating. The price target for ZIOPHARM Oncology is set at $7.00. For the first quarter, ZIOPHARM Oncology had an EPS of ($0.09), compared to year-ago quarter EPS of ($0.08). The stock has a 52-week-high of $7.25 and a 52-week-low of $1.79. ZIOPHARM Oncology's stock last closed at $3.29 per share.See more from Benzinga * Jabil: Q3 Earnings Insights * 19 Healthcare Stocks Moving In Friday's Pre-Market Session * 11 Energy Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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