Citigroup Cuts EOG Resources (NYSE:EOG) Price Target to $141.00

EOG Resources (NYSE:EOG) had its price target dropped by equities research analysts at Citigroup from $147.00 to $141.00 in a research report issued on Wednesday,MarketScreener reports. Citigroup’s price objective would indicate a potential upside of 3.98% from the company’s previous close.

EOG has been the topic of several other reports. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. BMO Capital Markets increased their price objective on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Sanford C. Bernstein lowered their price objective on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Scotiabank raised their target price on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial cut their price target on shares of EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and an average price target of $155.04.

EOG Resources Trading Down 1.4%

EOG opened at $135.60 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a market cap of $72.23 billion, a price-to-earnings ratio of 13.37 and a beta of 0.25. The firm has a 50 day simple moving average of $135.73 and a 200 day simple moving average of $127.06.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the prior year, the business posted $2.87 EPS. EOG Resources’s revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts anticipate that EOG Resources will post 16.19 earnings per share for the current year.

Institutional Investors Weigh In On EOG Resources

Hedge funds have recently bought and sold shares of the stock. Summitry LLC boosted its stake in EOG Resources by 1.5% in the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 73 shares during the period. Twin Capital Management Inc. boosted its holdings in EOG Resources by 0.3% in the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock valued at $3,467,000 after purchasing an additional 79 shares during the period. Hardy Reed LLC increased its holdings in shares of EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after purchasing an additional 82 shares during the period. Legacy Wealth Managment LLC ID boosted its stake in shares of EOG Resources by 39.5% in the first quarter. Legacy Wealth Managment LLC ID now owns 311 shares of the energy exploration company’s stock valued at $45,000 after buying an additional 88 shares during the period. Finally, Bollard Group LLC increased its stake in EOG Resources by 0.8% during the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after acquiring an additional 93 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources News Summary

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

• Positive Sentiment: Seeking Alpha says EOG Resources still appears to be trading at a discount to fair value, which can support investor demand if the market starts to re-rate the stock. EOG Resources: A Premium Oil Producer Trading At A Discount (Rating Upgrade)
• Positive Sentiment: Zacks Research raised near-term earnings estimates for EOG, including Q2 2026, Q3 2026, Q4 2026, and FY2026, which suggests analysts see improving profitability ahead.
• Positive Sentiment: Analyst commentary highlighted EOG’s free cash flow potential and strong earnings history, both of which are typically favorable for an energy producer’s valuation.
• Neutral Sentiment: Zacks Research maintained a Hold rating, so while estimates improved in several periods, the firm did not turn more bullish on the stock.
• Negative Sentiment: Zacks trimmed some longer-term estimates, including FY2027, FY2028 and Q1 2028, which could temper enthusiasm about EOG’s growth trajectory beyond the next few years.

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.