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EOG Resources Shares Climbing Higher, Up 1.9%

Published on Mon, 04/29/2013 - 10:33
By Adrienne Chilton

One of today's stocks on the move is EOG Resources (NYSE:EOG), up 1.9% to $121.38. The S&P is currently trading 0.6% higher to 1,592 and the Dow Jones Industrial Average is trading 0.4% higher to 14,780.

There is potential upside of 20.0% for shares of EOG Resources based on a current price of $121.38 and an average consensus analyst price target of $145.66. The stock should hit resistance at its 50-day moving average (MA) of $125.04, as well as support at its 200-day MA of $117.18.

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.

Over the past year, EOG Resources has traded in a range of $82.48 to $138.20 and is now at $121.38, 47% above that low. The 200-day and 50-day moving averages have moved 0.59% higher and 1.1% lower over the past week, respectively.

By Adrienne Chilton
achilton@fnno.com