EOG Resources stock slips 4.35% but outperforms rivals
Updated
Updated · MarketWatch · May 6
EOG Resources stock slips 4.35% but outperforms rivals
8 articles · Updated · MarketWatch · May 6
Shares closed at $134.69 on Wednesday, their second straight daily decline, while the S&P 500 rose 1.46% and the Dow gained 1.24%.
EOG still beat peers Devon Energy, down 8.61%, Occidental Petroleum, down 7.11%, and Diamondback Energy, down 5.38% in the same session.
The stock finished 11.31% below its 52-week high of $151.87 reached on 30 March, as trading volume of 5.8 million topped its 50-day average of 5.1 million.
EOG beat earnings and raised guidance, so why did its stock and the entire energy sector plummet?
With 2026 oil price forecasts varying by over $50, what is the true risk for energy investors now?