EOG - Watch for Continued Gains in Shares of EOG Resources Inc. (EOG)
Shares of EOG Resources Inc. (NYSE:EOG) traded today at $129.71, eclipsing its 52-week high. This new high was reached on below average trading volume as 966,000 shares traded hands, while the average 30-day volume is approximately 3.4 million shares.
EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2021, it reported net proved reserves of 3.7 billion barrels of oil equivalent. Net production averaged 829 thousand barrels of oil equivalent per day in 2021 at a ratio of 72% oil and natural gas liquids and 28% natural gas.
Based on a current price of $126.67, EOG Resources Inc. is currently 2.9% above its average consensus analyst price target of $123.05.
EOG Resources Inc. share prices have moved between a 52-week high of $129.71 and a 52-week low of $62.81 and are now trading 102% above that low price at $126.67 per share.
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