EOG Resources (NYSE:EOG – Get Free Report) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $145.00 to $148.00 in a research note issued to investors on Thursday,MarketScreener reports. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 13.92% from the stock’s previous close.
A number of other research analysts also recently commented on EOG. Capital One Financial raised their target price on shares of EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a research report on Thursday, March 26th. Royal Bank Of Canada raised their price target on shares of EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Stephens lowered their target price on shares of EOG Resources from $170.00 to $167.00 in a research note on Wednesday. Mizuho lifted their target price on shares of EOG Resources from $147.00 to $149.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Truist Financial began coverage on shares of EOG Resources in a research note on Tuesday, March 24th. They set a “hold” rating and a $146.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $154.59.
View Our Latest Report on EOG Resources
EOG Resources Price Performance
EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping the consensus estimate of $3.23 by $0.18. The company 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 19.25%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.87 EPS. As a group, equities research analysts forecast that EOG Resources will post 14.81 EPS for the current year.
Insiders Place Their Bets
In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,230 shares of company stock valued at $2,522,568 in the last ninety days. Insiders own 0.14% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. SJS Investment Consulting Inc. boosted its position in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares during the last quarter. Financial Life Planners purchased a new stake in EOG Resources during the first quarter worth about $30,000. Acumen Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $25,000. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $26,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of EOG Resources during the first quarter worth approximately $37,000. Institutional investors and hedge funds 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: DA Davidson raised its price target on EOG Resources to $153 and reiterated a buy rating, signaling confidence in the company’s upside potential. EOG Resources (NYSE:EOG) Given New $153.00 Price Target at DA Davidson
- Positive Sentiment: JPMorgan and Truist both lifted their price targets on EOG, with JPMorgan increasing its target to $148 and Truist to $149, reflecting continued analyst optimism even though Truist kept a hold rating. JPMorgan adjusts price target on EOG Resources to 148 from 145 EOG Resources price target raised by Truist Financial Corporation
- Positive Sentiment: EOG reported better-than-expected first-quarter earnings and revenue, driven by strong output growth, and highlighted $1.49 billion in free cash flow along with dividends, buybacks, and a liquids-focused outlook. EOG Q1 Earnings & Revenues Beat Estimates on Strong Output Growth
- Neutral Sentiment: Some firms were more cautious: Stephens trimmed its target slightly to $167, and Scotiabank maintained a hold rating, while another note flagged rising 2026 capex as a potential free-cash-flow risk. Stephens adjusts price target on EOG Resources to 167 from 170 Scotiabank Keeps Their Hold Rating on EOG Resources EOG Resources’ Rising Capex in 2026 Raises Free Cash Flow and Shareholder Return Risks
- Positive Sentiment: Additional commentary around EOG’s 2026 plan for $8.5 billion in free cash flow and at least 70% shareholder returns has also reinforced the bullish backdrop for the stock. EOG outlines 2026 plan for $8.5B free cash flow while targeting at least 70 percent returns
EOG Resources Company Profile
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.
Further Reading
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