EOG Resources (NYSE:EOG) Stock Rating Upgraded by Zacks Research

EOG Resources (NYSE:EOG) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research note on Thursday, January 22nd. Wolfe Research raised their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Barclays decreased their target price on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Piper Sandler set a $123.00 price target on shares of EOG Resources and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, KeyCorp lowered shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $135.85.

EOG Resources Price Performance

Shares of NYSE EOG opened at $128.09 on Monday. The company has a 50 day simple moving average of $112.19 and a two-hundred day simple moving average of $111.82. EOG Resources has a fifty-two week low of $101.59 and a fifty-two week high of $131.32. The company has a market capitalization of $68.72 billion, a price-to-earnings ratio of 14.06 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 (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same period in the previous year, the firm posted $2.74 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts expect that EOG Resources will post 11.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP increased its stake in shares of EOG Resources by 64.1% in the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock worth $445,921,000 after purchasing an additional 1,456,928 shares in the last quarter. Franklin Resources Inc. increased its position in EOG Resources by 24.2% in the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after buying an additional 1,257,110 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of EOG Resources by 282.3% in the second quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock worth $184,924,000 after buying an additional 1,141,680 shares during the period. Marshall Wace LLP lifted its position in shares of EOG Resources by 474.7% during the 4th quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock valued at $138,430,000 after buying an additional 1,088,867 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of EOG Resources by 23.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock valued at $490,394,000 after acquiring an additional 901,897 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

More EOG Resources News

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

• Positive Sentiment: Multiple brokerages raised price targets and kept constructive ratings, providing near‑term upside and supporting buy interest: BMO raised its PT to $140 and kept an “outperform” rating. BMO raises PT to $140
• Positive Sentiment: UBS raised its price target to $149 and maintained a “buy” rating, signaling further upside expectations from a major bank. UBS raises PT to $149
• Positive Sentiment: Jefferies increased its target to $146 and reiterated a “buy” rating, adding to the cluster of upward revisions from sell‑side analysts. Jefferies raises PT to $146
• Neutral Sentiment: EOG presented at the Raymond James institutional conference; the transcript provides management commentary on operations, capital allocation and 2026 priorities that investors will parse for guidance on production, costs and returns. Conference transcript
• Neutral Sentiment: Analysis pieces are flagging recent share‑price momentum and asking whether fundamentals justify the gains; this encourages re‑valuation work and short‑term reassessment by investors. Valuation assessment
• Neutral Sentiment: Macro/sector note: a Venture Global earnings beat on higher LNG volumes was reported today — relevant for energy sentiment but not directly tied to EOG’s upstream oil/gas fundamentals. Venture Global Q4 results
• Negative Sentiment: Coverage pieces note EOG has underperformed the Dow over the past year, a headline that can pressure sentiment and lead to relative‑performance selling despite company‑level positives. Yahoo: underperforming the Dow
• Negative Sentiment: Similar commentary from Barchart reiterates the underperformance narrative, which may amplify short‑term weakness as momentum investors rotate. Barchart: underperformance

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.