EOG Resources, Inc. (NYSE:EOG) Receives $155.57 Average Target Price from Brokerages

Shares of EOG Resources, Inc. (NYSE:EOG) have earned a consensus rating of “Moderate Buy” from the thirty ratings firms that are presently covering the company, MarketBeat.com reports. Sixteen analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $156.3214.

Several brokerages have recently commented on EOG. Williams Trading set a $177.00 price objective on EOG Resources in a research note on Monday, April 20th. DA Davidson increased their price target on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Citigroup cut their price objective on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Zacks Research cut EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $136.21 on Tuesday. The firm has a market capitalization of $71.45 billion, a price-to-earnings ratio of 10.60 and a beta of 0.25. EOG Resources has a one year low of $101.59 and a one year high of $151.87. The business has a 50-day simple moving average of $137.21 and a 200 day simple moving average of $132.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same period in the prior year, the firm earned $2.32 earnings per share. EOG Resources’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, research analysts anticipate that EOG Resources will post 16.32 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. Investors of record on Friday, October 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Institutional Trading of EOG Resources

Hedge funds have recently bought and sold shares of the company. Concurrent Investment Advisors LLC lifted its stake in shares of EOG Resources by 66.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after acquiring an additional 7,877 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its position in EOG Resources by 39.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after acquiring an additional 24,500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of EOG Resources by 2.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after acquiring an additional 24,984 shares during the period. Cumberland Partners Ltd raised its position in shares of EOG Resources by 432.0% in the 4th quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock worth $1,625,000 after acquiring an additional 12,562 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in EOG Resources by 8.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock worth $32,541,000 after purchasing an additional 24,960 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

More EOG Resources News

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

• Positive Sentiment: Quarterly earnings beat expectations: EOG reported adjusted earnings of $5.07 per share, ahead of the $4.97 consensus estimate. Revenue rose 57.4% year over year to $8.62 billion, supported by higher oil prices and a 24.4% increase in production. Net income more than doubled, while strong free cash flow reinforces the company’s ability to fund growth and return capital. EOG Q2 Earnings Beat Estimates on Higher Volumes & Prices
• Positive Sentiment: UAE exploration is progressing well: EOG highlighted positive results from UAE wells, potentially opening an additional international growth avenue. Management emphasized selective development, cost discipline and flexibility rather than pursuing growth at any price. EOG Q2 Earnings Call Highlights UAE Progress & Cost Discipline
• Positive Sentiment: Longer-term inventory and shareholder-return outlook improved: EOG’s expanded Austin Chalk position is expected to add roughly a year of drilling inventory. The company also declared a quarterly dividend of $1.02 per share, equivalent to $4.08 annually and an approximately 3.0% yield. EOG Accumulates Austin Chalk Position
• Neutral Sentiment: 2026 spending plan balances growth and capital discipline: EOG plans approximately $6.5 billion in capital expenditures to target 5% oil production growth while advancing UAE appraisal work. The plan supports expansion, but investors will monitor whether spending delivers attractive returns amid changing commodity prices. EOG 2026 Plan
• Neutral Sentiment: Analyst view improved, but conviction remains limited: Truist raised its price target from $134 to $153 while maintaining a “hold” rating, implying additional valuation upside but signaling that the firm does not yet recommend buying aggressively.

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.