Wells Fargo & Company Raises EOG Resources (NYSE:EOG) Price Target to $199.00

EOG Resources (NYSE:EOG) had its price target upped by Wells Fargo & Company from $155.00 to $199.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the energy exploration company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 45.72% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Wolfe Research upped their target price on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday. Truist Financial assumed coverage on EOG Resources in a report on Tuesday, March 24th. They set a “hold” rating and a $146.00 target price for the company. BMO Capital Markets upped their target price on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Sanford C. Bernstein restated a “market perform” rating and set a $126.00 target price (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. Finally, KeyCorp downgraded EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. One research 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 company’s stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $148.11.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $136.57 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The company has a market cap of $73.16 billion, a PE ratio of 14.99, a P/E/G ratio of 2.87 and a beta of 0.32. The business has a 50 day moving average of $129.52 and a 200 day moving average of $115.38. EOG Resources has a 52 week low of $101.59 and a 52 week high of $151.87.

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

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the 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 sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EOG Resources

Institutional investors have recently modified their holdings of the stock. Acumen Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth $25,000. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources in the fourth quarter worth $26,000. Nemes Rush Group LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth $30,000. Gen Wealth Partners Inc purchased a new stake in shares of EOG Resources in the fourth quarter worth $30,000. Finally, JCIC Asset Management Inc. purchased a new stake in shares of EOG Resources in the third quarter worth $32,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources News Roundup

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

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.