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EOG Resources Shares Climbing Higher, Up 1.9%

Published on Fri, 02/01/2013 - 13:32
By Robert Cotter

Up 1.9% to $127.41, EOG Resources (NYSE:EOG), is one of today's notable movers. The Dow Jones Industrial Average is now trading 0.9% higher to 13,994 and the S&P is trading 1.0% higher to 1,513.

Over the past year, EOG Resources has traded in a range of $82.48 to $129.43 and is now at $127.41, 54% above that low. The 200-day and 50-day moving averages have moved 0.40% higher and 0.68% higher over the past week, respectively.

EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil. The Company operates in major producing basins in the United States, Canada, Trinidad, the United Kingdom North Sea, China and, from time to time, select other international areas.

There is potential upside of 7.5% for shares of EOG Resources based on a current price of $127.41 and an average consensus analyst price target of $136.93. The stock should find initial support at its 50-day moving average (MA) of $121.85 and further support at its 200-day MA of $109.00.

By Robert Cotter
rcotter@fnno.com