Why EOG Resources Stock Surged More Than 25% in February

Why EOG Resources Stock Surged More Than 25% in February

Shares of EOG Resources (NYSE: EOG) jumped 26.7% in February, according to data provided by S&P Global Market Intelligence. The main factor fueling the oil stock was higher crude prices, which more than offset some selling pressure following its fourth-quarter results and 2021 outlook. Oil prices were in rally mode last month.