EOG Resources (NYSE:EOG) Price Target Raised to $139.00

EOG Resources (NYSE:EOG) had its target price increased by stock analysts at Scotiabank from $123.00 to $139.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the energy exploration company’s stock. Scotiabank’s target price points to a potential upside of 5.35% from the company’s current price.

EOG has been the subject of a number of other reports. Citigroup cut their price objective on shares of EOG Resources from $150.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Zacks Research upgraded shares of EOG Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. BMO Capital Markets raised their price objective on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Truist Financial initiated coverage on EOG Resources in a report on Tuesday, March 24th. They issued a “hold” rating and a $146.00 target price on the stock. Finally, Morgan Stanley boosted their target price on EOG Resources from $128.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $153.68.

EOG Resources Price Performance

EOG Resources stock traded down $0.49 during mid-day trading on Wednesday, hitting $131.94. The stock had a trading volume of 2,015,628 shares, compared to its average volume of 5,156,804. EOG Resources has a one year low of $101.59 and a one year high of $151.87. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $70.68 billion, a P/E ratio of 14.49, a P/E/G ratio of 2.58 and a beta of 0.32. The firm’s 50 day moving average is $132.82 and its 200 day moving average is $116.46.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same period in the previous year, the business earned $2.74 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts forecast that EOG Resources will post 13.4 earnings per share for the current fiscal year.

Insider Transactions at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On EOG Resources

Several large investors have recently modified their holdings of the stock. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources in the 4th quarter valued at about $25,000. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources during the fourth quarter worth approximately $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $30,000. Gen Wealth Partners Inc purchased a new stake in shares of EOG Resources in the fourth quarter valued at approximately $30,000. Finally, JCIC Asset Management Inc. purchased a new stake in shares of EOG Resources in the third quarter valued at approximately $32,000. Institutional investors own 89.91% of the company’s stock.

Key Stories Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Susquehanna raised its price target on EOG to $162 (from $144) and maintained a positive rating — a material ~22% upside vs. the current level that could attract buyers and lift sentiment. Susquehanna Adjusts Price Target on EOG to $162
• Positive Sentiment: Sector comparisons note oil holding above $85, which supports EOG’s cash flow and capital returns; articles contrasting EOG with larger integrateds highlight that elevated oil helps upstream pure-plays like EOG. That macro tailwind is a net positive for near-term earnings and free cash flow. ExxonMobil vs EOG: The Better Bet as Oil Prices Stay Elevated
• Positive Sentiment: Zacks highlights using its Earnings ESP to find potential upside and profiles EOG among energy names investors should “take advantage” of now — suggesting sentiment/quant screens could favor buying ahead of earnings. Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
• Neutral Sentiment: Goldman Sachs nudged its price target to $135 (from $133) but kept a “neutral” rating — a modest upgrade that signals limited near-term upside from this firm’s view and could cap immediate rallies. Goldman Sachs Adjusts PT on EOG to $135
• Neutral Sentiment: EOG vs. peers coverage (Devon, Exxon comparisons) provides context on relative valuation and basin exposure; such pieces can shift flows between names but don’t present a direct company-specific catalyst. Devon Energy vs. EOG: Which Shale Stock Offers More Upside in 2026?
• Neutral Sentiment: Earnings preview: analysts expect EOG’s Q1 EPS to rise modestly (low single digits) with results due by early May — this is the near-term event that could move the stock materially if results or guidance surprise. EOG Resources Quarterly Earnings Preview
• Neutral Sentiment: Sector earnings cadence (e.g., SLB) and mixed early-quarter oil-price dynamics are being watched by investors for implications on service demand and capex pacing in the second half of the year. SLB Gears Up to Report Q1 Earnings

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.