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EOG Resources, Inc (EOG) receives a Neutral rating from Piper Sandler

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EOG Resources, Inc’s recent filing unveils that its EVP, Gen. Counsel & Corp Sec Donaldson Michael P unloaded Company’s shares for reported $1.43 million on Aug 26 ’24. In the deal valued at $129.50 per share,11,037 shares were sold. As a result of this transaction, Donaldson Michael P now holds 74,250 shares worth roughly $10.14 million.

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Then, Donaldson Michael P bought 11,037 shares, generating $1,429,292 in total proceeds.

Before that, CRISP CHARLES R sold 6,500 shares. EOG Resources, Inc shares valued at $816,405 were divested by the Director at a price of $125.60 per share. As a result of the transaction, CRISP CHARLES R now holds 60,892 shares, worth roughly $8.31 million.

Piper Sandler downgraded its EOG Resources, Inc [EOG] rating to a Neutral from a an Overweight in a research note published on November 18, 2024; the price target was increased to $149 from $147. Truist also remained covering EOG and has decreased its forecast on May 16, 2024 with a “Hold” recommendation from previously “Buy” rating. Scotiabank revised its rating on April 11, 2024. It rated EOG as “a Sector perform” which previously was an “a Sector outperform”.

Price Performance Review of EOG

On Monday, EOG Resources, Inc [NYSE:EOG] saw its stock jump 1.47% to $136.54. Over the last five days, the stock has gained 2.58%. EOG Resources, Inc shares have risen nearly 12.89% since the year began. Nevertheless, the stocks have risen 14.57% over the past one year. While a 52-week high of $139.67 was reached on 04/12/24, a 52-week low of $108.94 was recorded on 02/05/24. SMA at 50 days reached $126.57, while 200 days put it at $125.43.

Levels Of Support And Resistance For EOG Stock

The 24-hour chart illustrates a support level at 135.36, which if violated will result in even more drops to 134.19. On the upside, there is a resistance level at 137.46. A further resistance level may holdings at 138.39. The Relative Strength Index (RSI) on the 14-day chart is 68.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.97%. Stochastics %K at 93.62% indicates the stock is a selling.

How much short interest is there in EOG Resources, Inc?

A steep rise in short interest was recorded in EOG Resources, Inc stocks on 2024-10-31, dropping by -0.19 million shares to a total of 12.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 12.2 million shares. There was a decline of -1.62%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 10, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $144 price target.

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