EOG Resources (EOG) Offering Possible 25.31% Return Over the Next 34 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 $35.00 short put and a strike $30.00 long put offers a potential 25.31% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.00 by expiration. The full premium credit of $1.01 would be kept by the premium seller. The risk of $3.99 would be incurred if the stock dropped below the $30.00 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 at 53.46 level which suggests that the stock is neither overbought nor oversold at this time.

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

Oil Tumbles Below Critical $40 Level
Tue, 08 Sep 2020 14:43:00 +0000
For the past two months, both Brent and West Texas oil have mostly held above $40, allowing some producers to restart drilling projects. But the latest downturn threatens that progress.

Hedge Funds Dipping Their Toes Back Into EOG Resources Inc (EOG)
Tue, 08 Sep 2020 13:54:32 +0000
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

RPT-FOCUS-U.S. shale producers race for federal permits ahead of presidential election
Tue, 08 Sep 2020 11:00:00 +0000
Oil producers in the top U.S. shale fields are stockpiling drilling permits on federal land ahead of the November U.S. presidential election, concerned that a win by Democratic candidate Joe Biden could lead to a clamp-down on oilfield activity. Federal permitting in the largest U.S. oilfield in the Permian Basin, located in Texas and New Mexico, is up 80% in about the last three months, which analysts attribute to a hedge against a win by Biden, who currently leads U.S. President Donald Trump by several points in national polling. Biden has stated that he does not want to ban fracking outright, putting him at odds with many environmentalists and Democratic party activists.

U.S. shale producers race for federal permits ahead of presidential election
Tue, 08 Sep 2020 05:08:24 +0000
Oil producers in the top U.S. shale fields are stockpiling drilling permits on federal land ahead of the November U.S. presidential election, concerned that a win by Democratic candidate Joe Biden could lead to a clamp-down on oilfield activity. Federal permitting in the largest U.S. oilfield in the Permian Basin, located in Texas and New Mexico, is up 80% in about the last three months, which analysts attribute to a hedge against a win by Biden, who currently leads U.S. President Donald Trump by several points in national polling.

EOG Resources (EOG) Down 15.2% Since Last Earnings Report: Can It Rebound?
Sat, 05 Sep 2020 15:32:03 +0000
EOG Resources (EOG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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