EOG Resources (NYSE:EOG) Given New $140.00 Price Target at Barclays

EOG Resources (NYSE:EOG) had its target price lifted by analysts at Barclays from $133.00 to $140.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the energy exploration company’s stock. Barclays‘s price target suggests a potential upside of 3.76% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. UBS Group raised their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Capital One Financial dropped their price target on EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $126.00 price target (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. Jefferies Financial Group lifted their price objective on EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen 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 an average target price of $137.77.

EOG Resources Price Performance

Shares of NYSE EOG traded up $1.33 during mid-day trading on Monday, reaching $134.93. The company’s stock had a trading volume of 1,025,301 shares, compared to its average volume of 5,282,373. The stock has a 50-day moving average of $116.41 and a two-hundred day moving average of $112.46. The stock has a market capitalization of $72.39 billion, a P/E ratio of 14.81 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. EOG Resources has a 1-year low of $101.59 and a 1-year high of $136.14.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same period last year, the firm posted $2.74 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts anticipate that EOG Resources will post 11.47 EPS for the current fiscal year.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total transaction of $260,000.00. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $11,445,850. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 7,774 shares of company stock worth $945,895 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cullen Capital Management LLC raised its holdings in EOG Resources by 4.7% in the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock valued at $68,952,000 after acquiring an additional 25,753 shares in the last quarter. Rockland Trust Co. grew its holdings in EOG Resources by 5.1% during the 3rd quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after acquiring an additional 11,965 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in EOG Resources by 21.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after acquiring an additional 11,442 shares in the last quarter. AlphaQuest LLC increased its position in shares of EOG Resources by 1,413.5% in the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock valued at $2,863,000 after purchasing an additional 23,846 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of EOG Resources by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock valued at $380,562,000 after purchasing an additional 68,888 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources News Roundup

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

• Positive Sentiment: Wells Fargo raised its price target to $155 and moved EOG to an Overweight rating, signaling a sizable upside from current levels and serving as a clear near-term bullish catalyst. Wells Fargo raises EOG PT to $155 (Benzinga)
• Positive Sentiment: Piper Sandler lifted its price target to $144, adding to the momentum of analyst upgrades that help support the stock’s move higher. Piper Sandler raises EOG PT to $144 (Yahoo)
• Positive Sentiment: EOG is cited among top dividend-paying and large-cap energy picks by Wall Street commentators and publications, which can attract income-focused and institutional buyers. Top Wall Street analysts bullish on dividend-paying energy stocks (CNBC)
• Positive Sentiment: Recent write-ups argue EOG looks undervalued vs. peers after analyst target increases and its strong cash-generation profile, reinforcing buy-side interest. Is EOG one of the most undervalued energy stocks? (Yahoo)
• Neutral Sentiment: Barclays lifted its price target to $140 but kept an Equal Weight rating — a modest constructive signal but not a full endorsement. Barclays raises PT to $140, reaffirms Equal Weight (InsiderMonkey)
• Neutral Sentiment: EOG appears on several “best large-cap energy” lists — useful for long-term flows but less likely to trigger immediate outsized moves. 5 Best Large Cap Energy Stocks to Buy Now (InsiderMonkey)
• Neutral Sentiment: A Zacks Bull/Bear roundup mentioned other names (not directly EOG) — limited relevance for EOG’s move today. GigaCloud and Vulcan Materials highlighted (Yahoo)
• Negative Sentiment: Zacks Research recently cut earnings estimates for EOG, which is a downside risk if further downgrades or weaker macro/commodity assumptions follow. Zacks cuts EOG earnings estimates (AmericanBankingNews)

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.