EOG Resources (EOG) Offering Possible 45.77% Return Over the Next 21 Calendar Days

EOG Resources's most recent trend suggests a bullish bias. One trading opportunity on EOG Resources is a Bull Put Spread using a strike $114.00 short put and a strike $109.00 long put offers a potential 45.77% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $114.00 by expiration. The full premium credit of $1.57 would be kept by the premium seller. The risk of $3.43 would be incurred if the stock dropped below the $109.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for EOG Resources is bullish and the probability of a rise 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 above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for EOG Resources

EOG Resources Declares Quarterly Dividend on Common Stock
Wed, 25 Apr 2018 20:19:00 +0000
HOUSTON , April 25, 2018 /PRNewswire/ — The Board of Directors of EOG Resources, Inc. (NYSE: EOG) (EOG) has declared a dividend of $0.185 per share on EOG's Common Stock, payable July 31, 2018 , to stockholders …

McDermott (MDR) Q1 Earnings Beat Estimates, Affirms Guidance
Wed, 25 Apr 2018 19:13:07 +0000
Greater activity in the Middle East drive revenues of McDermott (MDR) past year-ago period's mark.

Exclusive – EOG seeking to pull out of British North Sea
Wed, 25 Apr 2018 16:51:57 +0000
LONDON/HOUSTON (Reuters) – U.S. oil and gas producer EOG Resources Inc (EOG.N) is selling its British offshore business, a document seen by Reuters showed, as the company heightens its focus on its fast-growing U.S. shale portfolio. The business includes a 100 percent interest in the Conwy oilfield in the east Irish sea and a 25 percent stake in the Columbus gas project in the North Sea, according to the document. The Conwy field, which produced around 11,000 barrels of oil per day in February, “provides immediate positive tax-free cashflow,” the document said.

Gaming, Home Entertainment to Aid Sony's (SNE) Q4 Earnings
Wed, 25 Apr 2018 15:00:03 +0000
Strong prospects in Game & Network Services as well as Home Entertainment & Sound business are likely to prove conducive to Sony's (SNE) fourth-quarter fiscal 2017 earnings.

EnerCom's The Oil & Gas Conference® Coming to Denver Aug. 19-22, 2018
Wed, 25 Apr 2018 12:30:00 +0000
DENVER, April 25, 2018 /PRNewswire/ — EnerCom, Inc. is pleased to announce it will host the 23rd annual edition of its popular The Oil & Gas Conference® this summer in Denver, Colo. Conference Details: The Oil & Gas Conference® 23 offers investment professionals the opportunity to listen to senior management teams in the oil and gas industry present operational and financial strategies and learn about important energy topics affecting the global oil and gas industry.

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