EOG Resources (NYSE:EOG – Get Free Report) had its price target cut by investment analysts at Stephens from $170.00 to $167.00 in a report issued on Wednesday,MarketScreener reports. Stephens’ price objective would indicate a potential upside of 28.78% from the stock’s current price.
A number of other brokerages also recently weighed in on EOG. Mizuho upped their price objective on shares of EOG Resources from $147.00 to $149.00 and gave the stock a “neutral” rating in a research report on Wednesday. Raymond James Financial lifted their price target on EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Friday, March 27th. Capital One Financial upped their price target on EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a report on Thursday, March 26th. Morgan Stanley increased their price target on EOG Resources from $128.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Truist Financial started coverage on EOG Resources in a report on Tuesday, March 24th. They issued a “hold” rating and a $146.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $153.69.
View Our Latest Stock Analysis on EOG
EOG Resources Stock Performance
EOG Resources (NYSE:EOG – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.43%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.87 earnings per share. As a group, equities analysts predict that EOG Resources will post 14.75 EPS for the current year.
Insider Activity
In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On EOG Resources
A number of institutional investors have recently added to or reduced their stakes in EOG. Sivia Capital Partners LLC purchased a new stake in EOG Resources in the 2nd quarter valued at $258,000. Quantbot Technologies LP acquired a new position in shares of EOG Resources during the 2nd quarter valued at about $349,000. Gamco Investors INC. ET AL boosted its position in shares of EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after acquiring an additional 4,485 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after purchasing an additional 444 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after purchasing an additional 15,250 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.
Key Headlines Impacting EOG Resources
Here are the key news stories impacting EOG Resources this week:
- Positive Sentiment: EOG beat Q1 estimates on both EPS and revenue (EPS $3.41 vs. consensus ~$3.23; revenue $6.92B vs. ~$6.18B), driven by stronger output and commodity prices — a fundamental catalyst for the share price. US shale producer EOG Resources beats first-quarter profit estimates
- Positive Sentiment: EOG outlined a 2026 plan targeting roughly $8.5B of free cash flow while committing to return at least 70% of free cash flow to shareholders — a strong signal for buybacks/dividends that can underpin the valuation. EOG outlines 2026 plan for $8.5B free cash flow while targeting at least 70% returns
- Positive Sentiment: Management highlighted capital returns in the quarter (near $950M returned via dividend and opportunistic repurchases) and announced a quarterly dividend of $1.02/share (?3.0% yield), supporting income-focused demand. EOG Q1 2026 Earnings Call Transcript
- Positive Sentiment: Market rankings picked EOG as a Zacks Rank #1 (Strong Buy) income stock, which can drive positive retail/income-oriented flows. Best Income Stocks to Buy for May 6th
- Neutral Sentiment: Mizuho nudged up its price target to $149 but kept a “neutral” rating — supportive for valuation, but not a strong buy signal from that analyst. Mizuho raises price target
- Neutral Sentiment: Industry pieces comparing EOG with peers show it among the better performers YTD, which helps the stock’s market positioning but is background rather than a fresh catalyst. Which Oil and Gas Stock Has Dominated in 2026
- Negative Sentiment: TipRanks flagged rising 2026 capex plans as a new risk that could pressure free cash flow and shareholder returns if spending ramps beyond assumptions — a potential headwind for valuation if realized. EOG Resources’ Rising Capex in 2026 Raises Free Cash Flow and Shareholder Return Risks
- Negative Sentiment: Covers noted that, despite the beat, management’s tepid near-term outlook and any cautious commentary on volumes or commodity sensitivity weighed on the stock in the immediate aftermath of results. EOG beats Q1 estimates but tepid outlook weighs on shares
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.
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