EOG Resources (NYSE:EOG) Given New $199.00 Price Target at Wells Fargo & Company

EOG Resources (NYSE:EOG) had its price target boosted by Wells Fargo & Company from $155.00 to $199.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the energy exploration company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 43.90% from the company’s previous close.

A number of other analysts also recently issued reports on EOG. Truist Financial assumed coverage on EOG Resources in a research report on Tuesday, March 24th. They issued a “hold” rating and a $146.00 target price for the company. Morgan Stanley raised their target price on EOG Resources from $128.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday, March 27th. Piper Sandler raised their target price on EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 1st. JPMorgan Chase & Co. raised their target price on EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Finally, Barclays raised their target price on EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus target price of $148.11.

EOG Resources Stock Performance

EOG Resources stock traded down $5.94 during mid-day trading on Wednesday, reaching $138.29. 3,603,506 shares of the company’s stock were exchanged, compared to its average volume of 5,283,029. The business’s fifty day simple moving average is $128.48 and its 200 day simple moving average is $115.06. The firm has a market capitalization of $74.08 billion, a PE ratio of 15.16, a P/E/G ratio of 3.03 and a beta of 0.32. EOG Resources has a one year low of $101.59 and a one year high of $151.87. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (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 business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same period last year, the business posted $2.74 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts expect that EOG Resources will post 11.47 earnings per share for the current year.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Purpose Unlimited Inc. purchased a new position in EOG Resources during the fourth quarter worth about $471,000. Rockefeller Capital Management L.P. grew its position in EOG Resources by 31.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 803,738 shares of the energy exploration company’s stock worth $84,401,000 after buying an additional 194,031 shares in the last quarter. Larry Mathis Financial Planning LLC purchased a new position in EOG Resources during the fourth quarter worth about $286,000. Union Savings Bank purchased a new position in EOG Resources during the fourth quarter worth about $326,000. Finally, Hsbc Holdings PLC grew its position in EOG Resources by 34.6% during the fourth quarter. Hsbc Holdings PLC now owns 1,956,432 shares of the energy exploration company’s stock worth $205,387,000 after buying an additional 502,667 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

More EOG Resources News

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

• Positive Sentiment: Royal Bank of Canada raised its price target to $175 and kept an “Outperform” rating — a material upside vs. the recent price, which supports upside momentum and could attract buyers. MarketScreener
• Positive Sentiment: Wolfe Research also lifted its price target to $154 — another analyst signal pointing to higher fair‑value assumptions and reinforcing buy-side interest. Wolfe Research target raise
• Positive Sentiment: KeyCorp updated numerous quarterly and full‑year EPS forecasts (large upward revisions for FY2026 and FY2027) — these estimate raises suggest analysts see stronger near‑term cash flow potential that could support dividends and buybacks.
• Positive Sentiment: Macro tailwind — coverage highlighting oil prices above $110 and EOG’s low breakeven production profile reinforces the company’s margin and free‑cash‑flow outlook, supporting the bullish analyst moves. Zacks: Oil Above $110
• Neutral Sentiment: Zacks Research posted a batch of small estimate tweaks (some raises for later periods and small cuts for specific quarters) but kept a “Hold” rating — mixed signals that are less likely to move shares materially on their own.
• Negative Sentiment: Some minor downward tweaks to Q3/Q4 2026 estimates from Zacks (small cents adjustments) introduce modest near‑term uncertainty about quarterly cadence — but changes are small and offset by other upward revisions.

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.