EOG Resources (NYSE:EOG) Price Target Raised to $153.00

Key Points

• Truist Financial raised EOG Resources’ price target to $153 from $134 but maintained a “hold” rating, implying roughly 12% upside. Analysts overall have a “Moderate Buy” consensus and an average target of $156.32.
• EOG exceeded quarterly expectations, reporting $5.07 in EPS versus $4.97 expected and $8.62 billion in revenue versus $8.04 billion forecast. Revenue rose 57.4% year over year, while net margin reached 25.44%.
• EOG shares traded at $136.28, with a market capitalization of approximately $72.6 billion and a price-to-earnings ratio of 10.59. Institutional investors and hedge funds own about 89.91% of the stock.

EOG Resources (NYSE:EOG - Get Free Report) had its price objective boosted by research analysts at Truist Financial from $134.00 to $153.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "hold" rating on the energy exploration company's stock. Truist Financial's price objective points to a potential upside of 12.27% from the company's current price.

A number of other brokerages have also commented on EOG. UBS Group dropped their target price on EOG Resources from $168.00 to $158.00 and set a "buy" rating on the stock in a research report on Thursday, July 2nd. Mizuho set a $157.00 price objective on EOG Resources and gave the stock a "neutral" rating in a report on Wednesday, May 27th. Jefferies Financial Group reissued a "buy" rating and issued a $175.00 price target (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Scotiabank raised their price target on EOG Resources from $123.00 to $139.00 and gave the company a "sector perform" rating in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of EOG Resources from $148.00 to $142.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the company's stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.32.

EOG Resources Price Performance

NYSE EOG traded up $2.05 during trading on Thursday, reaching $136.28. The company's stock had a trading volume of 1,479,382 shares, compared to its average volume of 4,377,806. EOG Resources has a one year low of $101.59 and a one year high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The stock has a market capitalization of $72.59 billion, a PE ratio of 10.59 and a beta of 0.25. The firm has a fifty day moving average of $137.17 and a 200 day moving average of $132.14.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analysts' expectations of $8.04 billion. EOG Resources had a return on equity of 23.74% and a net margin of 25.44%.The company's revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period last year, the firm earned $2.32 earnings per share. Analysts expect that EOG Resources will post 16.18 EPS for the current fiscal year.

Institutional Investors Weigh In On EOG Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. raised its stake in shares of EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company's stock valued at $26,000 after purchasing an additional 124 shares in the last quarter. Financial Life Planners acquired a new position in EOG Resources in the first quarter worth about $30,000. Acumen Wealth Advisors LLC bought a new position in EOG Resources during the fourth quarter worth about $25,000. Prosperity Bancshares Inc bought a new stake in shares of EOG Resources in the 4th quarter valued at approximately $26,000. Finally, Global Assets Advisory LLC bought a new position in shares of EOG Resources during the 1st quarter worth approximately $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

More EOG Resources News

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

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. EOG reported adjusted EPS of $5.07 versus the $4.97 consensus estimate and revenue of $8.62 billion versus expectations of $8.04 billion. Net income more than doubled year over year to $2.72 billion, supported by higher crude prices and a 24.4% increase in production. US shale producer EOG Resources beats quarterly profit estimates on higher crude prices
• Positive Sentiment: Cash generation and capital discipline remain key investor positives. Operating cash flow reached $4.67 billion, while management outlined a 2026 plan targeting approximately 5% oil production growth with $6.5 billion of capital spending. The company emphasized tight cost controls, flexibility, and continued cash returns. EOG Q2 Earnings Call Highlights UAE Progress & Cost Discipline
• Positive Sentiment: UAE exploration is progressing favorably. EOG highlighted positive results from UAE wells and continued unconventional appraisal activity, providing a potential source of longer-term international growth beyond its U.S. shale portfolio. US player touts positive results from UAE exploration
• Neutral Sentiment: EOG expanded its Austin Chalk position. The acquisition adds roughly a year to the company’s drilling inventory, strengthening future development potential but also increasing the capital committed to growth. EOG accumulates Austin Chalk position that adds a year to inventories
• Negative Sentiment: Insider selling is a potential cautionary signal. Recent disclosures showed several executives selling shares without reported purchases over the past six months. These transactions may reflect personal financial decisions, but they could temper bullish sentiment at the margin.

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.

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