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EOG Resources (EOG) Stock Forecast & Price Target

$121.94
-3.91 (-3.11%)
(As of 05/29/2024 ET)

EOG Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 23 Analyst Ratings

Consensus Price Target

$142.09
16.53% Upside
High Forecast$157.00
Average Forecast$142.09
Low Forecast$113.00
TypeCurrent Forecast
5/30/23 to 5/29/24
1 Month Ago
4/30/23 to 4/29/24
3 Months Ago
3/1/23 to 2/29/24
1 Year Ago
5/30/22 to 5/30/23
Consensus Rating
Hold
Hold
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
7 Buy rating(s)
8 Buy rating(s)
9 Buy rating(s)
19 Buy rating(s)
Hold
15 Hold rating(s)
12 Hold rating(s)
9 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$142.09$142.19$142.40$149.33
Forecasted Upside16.53% Upside11.36% Upside19.72% Upside22.64% Upside
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EOG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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EOG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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EOG Resources Stock vs. The Competition

TypeEOG ResourcesOils/Energy CompaniesS&P 500
Consensus Rating Score
2.39
2.54
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside16.60% Upside598.93% Upside12.21% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/24/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$124.00 ➝ $130.00+4.84%
5/16/2024Truist Financial
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N. Dingmann
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DowngradeBuy ➝ Hold$163.00 ➝ $136.00+5.34%
5/14/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$153.00 ➝ $154.00+19.01%
5/13/2024Mizuho
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 Boost TargetBuy ➝ Buy$140.00 ➝ $156.00+20.43%
5/7/2024Benchmark
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 Reiterated RatingHold
4/30/2024TD Cowen
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 Boost TargetHold ➝ Hold$130.00 ➝ $144.00+6.96%
4/23/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$153.00 ➝ $150.00+11.20%
4/22/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$147.00 ➝ $157.00+17.78%
4/22/2024Susquehanna
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 Boost TargetPositive ➝ Positive$147.00 ➝ $155.00+16.39%
4/15/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$132.00 ➝ $133.00-0.31%
4/11/2024Scotiabank
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 DowngradeSector Outperform ➝ Sector Perform$135.00 ➝ $155.00+12.36%
4/10/2024Barclays
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 Initiated CoverageEqual Weight$144.00+5.07%
4/9/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$145.00+6.13%
3/28/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$134.00 ➝ $141.00+11.54%
2/23/2024TD Securities
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 Lower TargetHold$135.00 ➝ $130.00+15.64%
1/24/2024Raymond James
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 Lower TargetStrong-Buy ➝ Strong-Buy$148.00 ➝ $145.00+29.46%
1/5/2024Bank of America
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 DowngradeBuy ➝ Neutral$147.00 ➝ $140.00+15.63%
12/14/2023UBS Group
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 Lower TargetBuy ➝ Buy$165.00 ➝ $145.00+21.16%
12/14/2023Wells Fargo & Company
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 DowngradeOverweight ➝ Equal Weight$150.00 ➝ $130.00+9.70%
10/17/2023Sanford C. Bernstein
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 DowngradeOutperform ➝ Market Perform$155.00 ➝ $146.00+8.96%
8/28/2023Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$141.00 ➝ $147.00+15.68%
8/24/2023Tudor, Pickering, Holt & Co.
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 DowngradeBuy ➝ Hold
7/10/2023Evercore ISI
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 Lower Target$115.00 ➝ $113.00-2.75%
6/13/2023The Goldman Sachs Group
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 DowngradeBuy ➝ Neutral$137.00 ➝ $130.00+14.12%
2/24/2023Roth Capital
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L. Mariani
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Reiterated RatingBuy
2/24/2023Credit Suisse Group
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 Lower TargetOutperform$160.00 ➝ $155.00+36.77%
12/5/2022Johnson Rice
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 DowngradeBuy ➝ Hold$177.00 ➝ $163.00+18.16%
11/11/2022BMO Capital Markets
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 Boost Target$145.00 ➝ $160.00+9.39%
11/7/2022Susquehanna Bancshares
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 Boost Target$162.00 ➝ $172.00+18.34%
9/29/2022Cfra
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 UpgradeMarket Weight ➝ Overweight
8/26/2022MKM Partners
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Leo Mariani
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Boost TargetBuy ➝ Buy$122.00 ➝ $130.00+3.63%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:14 PM ET.

EOG Frequently Asked Questions

What is EOG Resources's stock forecast and purchase recommendation?

According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for EOG Resources is $142.09, with a high forecast of $157.00 and a low forecast of $113.00. The consensus rating for EOG Resources stock is Hold based on the current 15 hold ratings, 7 buy ratings and 1 strong buy rating for EOG. Learn more on EOG's analyst rating history.

Do Wall Street analysts like EOG Resources more than its competitors?

Analysts like EOG Resources less than other "oils/energy" companies. The consensus rating for EOG Resources is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how EOG compares to other companies.

Is EOG Resources being downgraded by Wall Street analysts?

Over the previous 90 days, EOG Resources's stock had 2 downgrades by analysts.

Does EOG Resources's stock price have much upside?

According to analysts, EOG Resources's stock has a predicted upside of 11.65% based on their 12-month stock forecasts.

What analysts cover EOG Resources?

Stock Forecasts and Research Tools

This page (NYSE:EOG) was last updated on 5/29/2024 by MarketBeat.com Staff

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