EOG Resources (NYSE:EOG) Price Target Raised to $140.00

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

Several other equities analysts have also commented on EOG. Stephens increased their price target on shares of EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Raymond James Financial boosted their price objective on shares of EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 13th. Mizuho set a $134.00 target price on shares of EOG Resources and gave the company a “neutral” rating in a report on Friday, December 12th. Wolfe Research increased their target price on shares of EOG Resources from $140.00 to $152.00 in a research report on Monday, March 9th. Finally, Morgan Stanley set a $128.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $137.77.

EOG Resources Stock Up 1.0%

Shares of NYSE:EOG traded up $1.33 on Monday, hitting $134.93. 1,025,301 shares of the company’s stock were exchanged, compared to its average volume of 5,282,373. EOG Resources has a 1-year low of $101.59 and a 1-year high of $136.14. The company has a market capitalization of $72.39 billion, a PE 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. The firm’s 50-day moving average is $116.41 and its 200 day moving average is $112.46.

EOG Resources (NYSE:EOG) last issued its 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. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $2.74 EPS. Sell-side analysts predict that EOG Resources will post 11.47 EPS for the current 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 on Thursday, February 19th. The shares were 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. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 7,774 shares of company stock valued at $945,895. Insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acumen Wealth Advisors LLC purchased a new position in EOG Resources during the fourth quarter worth about $25,000. Prosperity Bancshares Inc purchased a new stake in EOG Resources in the 4th quarter valued at approximately $26,000. JCIC Asset Management Inc. purchased a new stake in EOG Resources in the 3rd quarter valued at approximately $32,000. Gen Wealth Partners Inc acquired a new position in EOG Resources during the 4th quarter worth approximately $30,000. Finally, Nemes Rush Group LLC purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $30,000. 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: 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.