EOG Resources Inc. (EOG) Dips 8.85% for November 30

Equities Staff  |

Among the S&P 500’s biggest fallers on Monday November 30 was EOG Resources Inc. (EOG). The stock experienced a 8.85% decline to $46.88 with 9.2 million shares changing hands.

EOG Resources Inc. started at an opening price of 50.76 and hit a high of $50.81 and a low of $46.72. Ultimately, the stock took a hit and finished the day at $4.55 per share. EOG Resources Inc. trades an average of n/a shares a day out of a total 583.38 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. EOG Resources Inc. hit a high of $89.55 and a low of $27.01 over the last year.

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 2019, it reported net proved reserves of 3.3 billion barrels of oil equivalent. Net production averaged 818 thousand barrels of oil equivalent per day in 2019 at a ratio of 72% oil and natural gas liquids and 28% natural gas.

With its headquarters located in Houston, TX, EOG Resources Inc. employs 2,900 people. After today’s trading, the company’s market cap has fallen to $27.35 billion, a P/S of n/a, a P/B of 1.36, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on EOG Resources Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: EOG’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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