EOG Resources (NYSE:EOG) Sets New 12-Month High – Time to Buy?

EOG Resources, Inc. (NYSE:EOG)’s stock price reached a new 52-week high on Thursday . The company traded as high as $153.67 and last traded at $152.9820, with a volume of 136614 shares trading hands. The stock had previously closed at $149.48.

Key Stories Impacting EOG Resources

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

• Positive Sentiment: Higher earnings estimates: Zacks Research raised its forecasts for EOG’s third-quarter 2026 EPS to $4.42 from $3.87, fiscal 2026 EPS to $16.78 from $15.59, first-quarter 2027 EPS to $4.08 from $3.47, third-quarter 2027 EPS to $3.35 from $3.03, and fiscal 2027 EPS to $14.03 from $13.05. These revisions indicate stronger projected profitability across several periods. MarketBeat EOG estimates
• Positive Sentiment: Value appeal: Zacks highlighted EOG as a strong value stock, which may attract investors seeking a relatively inexpensive energy producer with earnings support. The company’s reported valuation metrics include a P/E ratio near 12 and a price-to-earnings-growth ratio below 1. Here’s Why EOG Resources Is a Strong Value Stock
• Neutral Sentiment: Upcoming earnings focus: Analysts have published predictions for EOG’s fourth-quarter results. The estimates could influence the stock as investors assess commodity prices, production trends and the sustainability of recent earnings strength. Analysts Offer Predictions for EOG Resources Q4 Earnings
• Negative Sentiment: Longer-term estimate reduction: Zacks cut its second-quarter 2028 EPS forecast to $3.10 from $3.49, signaling some concern about earnings normalization beyond fiscal 2027. Zacks continues to rate EOG “Hold,” tempering the bullish impact of the other estimate increases. MarketBeat EOG estimates

Wall Street Analyst Weigh In

EOG has been the topic of several analyst reports. Zacks Research downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price target (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of EOG Resources in a report on Friday, August 7th. Sanford C. Bernstein decreased 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 research report on Wednesday, May 20th. Finally, Freedom Capital downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $155.41.

EOG Resources Stock Up 0.6%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The stock has a market capitalization of $80.28 billion, a PE ratio of 11.91, a PEG ratio of 0.56 and a beta of 0.25. The company has a 50 day moving average price of $138.75 and a 200-day moving average price of $135.00.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm’s revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.32 earnings per share. As a group, analysts forecast that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

Hedge Funds Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently modified their holdings of EOG. SJS Investment Consulting Inc. lifted its holdings in EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after buying an additional 124 shares during the period. Financial Life Planners purchased a new position in shares of EOG Resources during the 1st quarter worth approximately $30,000. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources in the 4th quarter worth approximately $25,000. Wedbush Fund Advisers LLC purchased a new position in shares of EOG Resources in the 2nd quarter valued at approximately $31,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of EOG Resources in the 4th quarter valued at approximately $26,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

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.