EOG Resources (NYSE:EOG) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

EOG Resources (NYSE:EOG) had its target price increased by equities research analysts at Royal Bank Of Canada from $138.00 to $175.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the energy exploration company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 28.14% from the stock’s previous close.

Several other brokerages have also issued reports on EOG. BMO Capital Markets boosted their price objective on shares of EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. The Goldman Sachs Group reduced their price objective on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Truist Financial initiated coverage on shares of EOG Resources in a report on Tuesday, March 24th. They issued a “hold” rating and a $146.00 price objective on the stock. Mizuho boosted their price objective on shares of EOG Resources from $146.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $148.11.

EOG Resources Stock Down 1.8%

Shares of EOG opened at $136.57 on Wednesday. The firm has a market cap of $73.16 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 2.87 and a beta of 0.32. EOG Resources has a 12-month low of $101.59 and a 12-month high of $151.87. The company’s 50-day moving average price is $129.52 and its 200 day moving average price is $115.38. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. EOG Resources’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.74 EPS. On average, sell-side analysts forecast that EOG Resources will post 11.47 earnings per share for the current year.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,230 shares of company stock worth $2,522,568 over the last quarter. Insiders own 0.14% of the company’s stock.

Institutional Trading of EOG Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Purpose Unlimited Inc. acquired a new position in shares of EOG Resources during the fourth quarter worth about $471,000. Rockefeller Capital Management L.P. grew its position in shares of 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 acquired a new position in shares of EOG Resources during the fourth quarter worth about $286,000. Union Savings Bank acquired a new position in EOG Resources in the fourth quarter valued at approximately $326,000. Finally, Hsbc Holdings PLC boosted its holdings in EOG Resources by 34.6% in the fourth quarter. Hsbc Holdings PLC now owns 1,956,432 shares of the energy exploration company’s stock valued at $205,387,000 after purchasing an additional 502,667 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Key EOG Resources News

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

• Positive Sentiment: Wells Fargo lifted its price target sharply to $199 and maintained an “overweight” rating, signaling sizable analyst conviction in upside from higher oil and EOG’s execution. Wells Fargo raises PT
• Positive Sentiment: RBC raised its price target to $175 and kept an “outperform” rating, another sign brokers expect stronger cash flow upside if oil stays elevated. RBC raises PT
• Positive Sentiment: Wolfe Research increased its price target to $154, adding to the cluster of upward revisions that can support further share gains if sentiment follows analyst views. Wolfe Research increases PT
• Positive Sentiment: Coverage notes that oil holding above $90 is a clear tailwind for EOG given its crude-heavy portfolio and large resource base — sustained high prices would boost margins and free cash flow. Oil staying above $90
• Positive Sentiment: Zacks and other outlets raised some near‑term and FY2027 EPS estimates for EOG (and noted higher FY2027 EPS), reflecting improved earnings visibility if commodity prices remain firm. This supports valuation upgrades. Zacks boosts estimates
• Positive Sentiment: KeyCorp publicly expressed a positive outlook for EOG’s Q1 results, which reduces near-term earnings uncertainty and can be supportive of the stock around earnings. KeyCorp positive outlook
• Neutral Sentiment: Zacks published a broader positive take calling EOG a long‑term value pick; useful for long-term investors but less likely to move the stock immediately. Zacks long-term view
• Neutral Sentiment: Market commentary asks whether now is the time to reassess EOG after strong YTD gains — a valuation/rotation discussion rather than fresh fundamental news. Reassess after gains
• Neutral Sentiment: A sector head‑to‑head piece comparing EOG vs. U.S. Energy is informational for peers/relative valuation but not a direct catalyst. Head-to-head survey
• Negative Sentiment: Zacks made several small downward revisions to some quarterly FY2026 estimates even as it lifted FY2027 figures — the mixed guidance introduces short-term earnings uncertainty and could cap near-term upside. Zacks mixed estimate changes

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.